Eaton Mergers and Acquisitions Summary

Electrical Equipment Company

Eaton has acquired 58 companies, including 8 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 11 assets.

Eaton’s largest acquisition to date was in 2012, when it acquired Cooper Industries for $11.8B. It’s largest disclosed sale occurred in 2020, when it sold Eaton - Hydraulics Business to Danfoss A/S for $3.3B. Eaton has acquired in 15 different US states, and 19 countries. The Company’s most targeted sectors include electrical equipment (44%) and machinery (30%).

Join Mergr and gain access to Eaton’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the electrical equipment sector.

M&A Summary

  • M&A Total Activity66
    • M&A Buy Activity55
    • M&A Sell Activity11
  • Total Sectors Invested 10
  • Total Countries Invested 19
  • M&A Buy/Sell Connections 33

Eaton

Eaton Corp. Plc

Eaton House 30 Pembroke Road,
Dublin, 4
Ireland,
353 1 637 2900
www.eaton.com

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.6/yr) # 47 - - 3 1 4 55
vol $17.7B $1.1B $4.5B $23.3B
Sell (0.2/yr) # 10 - - - 1 - 11
vol $2.5B $3.3B $5.8B
  66

Most Recent M&A

Company Date Value Type
Yineng Group - Busway business 2021-04-26 - Stake Purchase
Yangzhong, China
Green Motion SA 2021-03-22 - Add-on Acquisition
Le Mont-sur-Lausanne, Switzerland · www.greenmotion.ch
Cobham Mission Systems Wimborne Ltd. 2021-02-01 2.8B USD Divestiture
Wimborne, United Kingdom · www.cobhammissionsystems.com
Trippe Manufacturing Co. 2021-01-29 1.7B USD Add-on Acquisition
Chicago, Illinois · www.tripplite.com
Power Distribution, Inc. 2020-02-03 - Add-on Acquisition
Richmond, Virginia · www.pdicorp.com
Eaton - Hydraulics Business 2020-01-21 3.3B USD Divestiture
Dublin, Ireland
Souriau SAS 2019-07-22 920M USD Divestiture
Versailles, Pennsylvania · www.souriau.com
Innovative Switchgear Solutions, Inc. 2019-07-18 - Add-on Acquisition
Dacono, Colorado · www.innovative-switchgear.com
Ulusoy Elektrik A.Ş. 2019-01-31 214M USD Add-on Acquisition
Ankara, Turkey · www.ulusoyelectric.com
Oxalis Group Ltd. 2015-01-13 - Add-on Acquisition
Stratford-upon-Avon, United Kingdom · www.theoxalisgroup.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Cooper Industries plc    - Eka Systems, Inc. 2010-04-13 7
Maynooth, Ireland · www.cooperindustries.com Germantown, Maryland · www.ekasystems.com
Cooper Industries plc    - Omnex Control Systems, Inc. 2007-12-26 6
Maynooth, Ireland · www.cooperindustries.com Port Coquitlam, British Columbia
Cooper Industries plc    - Cannon Technologies, Inc. 2006-08-15 5
Maynooth, Ireland · www.cooperindustries.com Minneapolis, Minnesota · www.cooperpowereas.com
Aeroquip-Vickers, Inc. 1999-02-01 Vickers Electronics Systems 2000-12-30 1
Maumee, Ohio · www.aeroquip-vickers.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 24 (44%) 15.6B (67%) 2 (18%) 402M (7%)
Machinery 16 (29%) 2.3B (10%) 2 (18%) 4.9B (85%)
Automotive 3 (5%) - 3 (27%) 473M (8%)
Manufacturing 4 (7%) 1.8B (8%) 1 (9%) -
Aerospace 2 (4%) 743M (3%) 1 (9%) -
Information Technology 2 (4%) - - -
Chemicals 1 (2%) - - -
Defense 1 (2%) 2.8B (12%) - -
Engineering 1 (2%) - - -
Retail 1 (2%) - - -
Semiconductors - - 1 (9%) -
Technology Hardware - - 1 (9%) -
Total 55 $23.3B 11 $5.8B

By Geo

State/Country Buy Value Sell Value
United States 25 4.9B 9 2.5B
  Ohio 6 2.4B - -
  Michigan 3 - - -
  Virginia 2 - - -
  New Jersey 2 - - -
  Colorado 2 - - -
  Maryland 1 333M 1 1.6B
  Illinois 1 1.7B 1 300M
  California 1 - - -
  Arizona 1 2M - -
  West Virginia 1 - - -
  Texas 1 - - -
  Pennsylvania 1 - - -
  North Carolina 1 560M - -
  Nebraska 1 - - -
  Massachusetts - - 1 -
United Kingdom 6 3.1B - -
Canada 3 - - -
  Ontario 2 - - -
  Alberta 1 - - -
Brazil 2 30M - -
France 2 1.4B - -
  Pennsylvania 1 920M - -
Germany 2 - - -
Ireland 1 11.8B 1 3.3B
Mexico 2 8M - -
Turkey 2 214M - -
Chile 1 - - -
China 1 - - -
Colombia 1 - - -
Czech Republic 1 2M - -
Hong Kong 1 - - -
Puerto Rico - - 1 -
Singapore 1 1.8B - -
South Africa 1 - - -
South Korea 1 - - -
Switzerland 1 - - -
Taiwan 1 - - -
Domestic 1 (2%) 11.8B (51%) 1 (9%) 3.3B (57%)
Cross-border 54 (98%) 11.5B (49%) 10 (91%) 2.5B (43%)
Total 55 $23.3B 11 $5.8B

Deal Values

buy # Total
> $1B 5 $19.8B
$100M to $1B 7 $3.5B
< $100M 5 $90M
TOTAL $23.3B
Largest Cooper Industries plc
$11.8B (2012-05-21)
sell # Total
> $1B 2 $4.9B
$100M to $1B 3 $783M
< $100M 1 $92M
TOTAL $5.8B
Largest Eaton - Hydraulics Business
$3.3B (2020-01-21)

M&A Connections

Deals
Acquired from
Investor(s)
9%
5 (9%)
Strategic(s)
33%
18 (33%)
Divested to
Strategic(s)
82%
9 (82%)

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