| || Eaton Acquires Gycom’s Electrical Low-Voltage Power Distribution, Control and Automation Business, Expanding in The Nordic Region |
2nd June, 2012
June 01, 2012 05:30 PM Eastern Daylight Time Release link: http://www.eaton.com/Eaton/index.htm
CLEVELAND--Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has acquired Gycom’s electrical low-voltage power distribution, control and automation components business in Sweden, Denmark and Finland. The transaction will enable Eaton to serve Gycom’s customers with Eaton’s full range of power distribution products and services. Terms of the deal were not disclosed.
“Gycom has established strong relationships with key customers in the region,” said Frank Campbell, Eaton president, Europe, Middle East and Africa Region for the Electrical Sector. “This acquisition is an effective way to expand our presence in the Nordic region.”
Headquartered in Taby, Stockholm County, Sweden, Gycom’s low-voltage power distribution, control and automation business had 2011 sales of approximately $24 million.
Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components, systems and services for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 72,000 employees and sells products to customers in more than 150 countries.
Tags: Electrical Systems - Power Quality - Distribution - Control - Hydraulics Components - Aersospace Fuel - Pneumatic Systems - Truck - Automotive - Drivetrain - Powertrain Systems