Eaton - M&A Summary and Business Overview

Electrical EquipmentCompany

Eaton M&A Summary

Eaton has acquired 62 companies, including 12 in the last 5 years. A total of 9 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 (45%) and machinery (28%).

Eaton Business Overview

Where is Eaton headquartered?

Eaton is headquartered in Dublin, Ireland.

What is Eaton’s revenue?

Eaton disclosed revenue of 23,196M USD for 2023 and 20,752M USD for 2022.

How many employees does Eaton have?

Eaton has 92,000 employees.

What sector is Eaton in?

Eaton is an electrical equipment company.

When was Eaton founded?

Eaton was founded in 1911.

M&A Summary

  • M&A Total Activity70
    • M&A Buy Activity59
    • 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, D04 Y0C2
Ireland,
+353 1 637 2900
www.eaton.com

Eaton is a diversified power management company specializing in electrical, aerospace, hydraulic, and vehicle technologies. Eaton offers a broad portfolio of solutions designed to address the complex challenges of modern industries and infrastructure. Their products encompass a wide range, including electrical distribution and control equipment, energy management systems, aerospace components and systems, hydraulic systems and services, and automotive drivetrain and powertrain systems. Eaton's operational headquarters are in Beachwood, Ohio and its business headquarters is in Dublin, Ireland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 50 1 4 1 1 2 59
vol $18.9B $4.5B $600M $23.9B
Sell (0.2/yr) # 10 1 - - - - 11
vol $2.5B $3.3B $5.8B
  70

Most Recent M&A

Company Date Value Type
NordicEPOD AS 2024-05-31 - Growth Capital
Sande i Vestfold, Norway · www.nordicepod.com
Exertherm Group 2024-05-21 - Add-on Acquisition
Houston, Texas · www.exertherm.com
Jiangsu Ryan Electrical Co. Ltd. 2023-04-24 - Stake Purchase
Jiangsu, China · www.redq.cc
Royal Power Solutions 2022-01-05 600M USD Add-on Acquisition
Carol Stream, Illinois · www.royalpowersolutions.com
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
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 26 (44%) 15.6B (65%) 2 (18%) 402M (7%)
Machinery 16 (27%) 2.3B (10%) 2 (18%) 4.9B (85%)
Manufacturing 6 (10%) 2.4B (10%) 1 (9%) -
Automotive 3 (5%) - 3 (27%) 473M (8%)
Aerospace 2 (3%) 743M (3%) 1 (9%) -
Information Technology 2 (3%) - - -
Chemicals 1 (2%) - - -
Defense 1 (2%) 2.8B (12%) - -
Engineering 1 (2%) - - -
Retail 1 (2%) - - -
Semiconductors - - 1 (9%) -
Technology Hardware - - 1 (9%) -
Total 59 $23.9B 11 $5.8B

By Geo

State/Country Buy Value Sell Value
United States 27 5.5B 9 2.5B
  Ohio 6 2.4B - -
  Michigan 3 - - -
  Illinois 2 2.3B 1 300M
  Virginia 2 - - -
  Texas 2 - - -
  New Jersey 2 - - -
  Colorado 2 - - -
  Maryland 1 333M 1 1.6B
  Pennsylvania 1 - - -
  North Carolina 1 560M - -
  Nebraska 1 - - -
  California 1 - - -
  Arizona 1 2M - -
  West Virginia 1 - - -
  Massachusetts - - 1 -
United Kingdom 6 3.1B - -
Canada 3 - - -
  Ontario 2 - - -
  Alberta 1 - - -
China 3 - - -
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 - - -
Colombia 1 - - -
Czech Republic 1 2M - -
Norway 1 - - -
Puerto Rico - - 1 -
Singapore 1 1.8B - -
South Africa 1 - - -
South Korea 1 - - -
Switzerland 1 - - -
Taiwan 1 - - -
Domestic 1 (2%) 11.8B (49%) 1 (9%) 3.3B (57%)
Cross-border 58 (98%) 12.1B (51%) 10 (91%) 2.5B (43%)
Total 59 $23.9B 11 $5.8B

Deal Values

buy # Total
> $1B 5 $19.8B
$100M to $1B 8 $4.1B
< $100M 5 $90M
TOTAL $23.9B
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)
10%
6 (10%)
Strategic(s)
31%
18 (31%)
Divested to
Strategic(s)
82%
9 (82%)

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