M&A Deal Summary

Eaton Acquires Cooper Industries

On May 21, 2012, Eaton Corp. Plc acquired electrical equipment company Cooper Industries plc for 11.8B USD

Acquisition Highlights
  • This is Eaton’s 17th transaction in the Electrical Equipment sector.
  • This is Eaton’s 1st largest (disclosed) transaction.
  • This is Eaton’s 1st transaction in Ireland.

M&A Deal Summary

Date 2012-05-21
Target Cooper Industries plc
Sector Electrical Equipment
Buyer(s) Eaton Corp. Plc
Deal Type Add-on Acquisition
Deal Value 11.8B USD

Target

Cooper Industries plc

Maynooth, Ireland
website
Cooper is a diversified global manufacturer of electrical components and tools. Cooper has seven operating divisions with leading positions and world-class products and brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is positioned for several long term growth trends including the global infrastructure build out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety.

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Buyer(S) 1

Buyer

Eaton Corp. Plc

Dublin, Ireland

website


Category Company
Founded 1916
SectorElectrical Equipment
Employees92,000
Revenue 17.9B USD (2020)
DESCRIPTION
Eaton's operational headquarters in Beachwood, Ohio.
Eaton's operational headquarters in Beachwood, Ohio.

Eaton is a power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. Eaton's operational headquarters are in Beachwood, Ohio and its business headquarters is in Dublin, Ireland.


DEAL STATS #
Overall 43 of 56
Sector (Electrical Equipment) 17 of 24
Type (Add-on Acquisition) 27 of 37
Country (Ireland) 1 of 1
Year (2012) 1 of 4
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-29 E. A. Pedersen Co.(dba Pedersen Power Products)

Omaha, Nebraska, United States

E. A. Pedersen Co. is a manufacturer of medium voltage switchgear primarily for the electrical utilities industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Polimer Kaucuk Sanayi Ve Pazarlama A.S.

Istanbul, Turkey

Polimer Kaucuk Sanayi Ve Pazarlama A.S. is a manufacturer of hydraulic and industrial hose.

Buy -