M&A Deal Summary

Aptiv Acquires Eaton - Vehicle Switch/Electronics Division

On March 12, 2001, Aptiv acquired automotive company Eaton - Vehicle Switch/Electronics Division from Eaton for 300M USD

Acquisition Highlights
  • This is Aptiv’s 1st transaction in the Automotive sector.
  • This is Aptiv’s 7th largest (disclosed) transaction.
  • This is Aptiv’s 1st transaction in the United States.
  • This is Aptiv’s 1st transaction in Illinois.

M&A Deal Summary
Date 2001-03-12
Target Eaton - Vehicle Switch/Electronics Division
Sector Automotive
Buyer(s) Aptiv
Sellers(s) Eaton
Deal Type Divestiture
Deal Value 300M USD

Target

Eaton - Vehicle Switch/Electronics Division

Downers Grove, Illinois, United States
Eaton - Vehicle Switch/Electronics Division manufactures a wide range of electro-mechanical and mechatronic controls, including column switches; control modules for windows, doors and other customer courtesy uses; electronic controllers; instrument panel and console switches; lighting centers; transmission switches; and security, under-the-hood and door jamb switches.

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Buyer(S) 1

Buyer

Aptiv

Dublin, Ireland
Category Company
Founded 2011
Sector Automotive
Employees154,000
Revenue 20.1B USD (2023)
DESCRIPTION

Aptiv is a supplier of technologies for the automotive and commercial vehicle markets. England, Delphi operates major technical centers, manufacturing sites and customer support services in 32 countries. Aptiv was founded in 2011 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 12
Sector (Automotive) 1 of 3
Type (Divestiture) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 6
Year (2001) 1 of 1
Size (of disclosed) 7 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Inteva Products

Troy, Michigan, United States

Inteva Products is a supplier of interior systems, closure systems, roof systems, and motors and electronics for leading OEMs around the globe. Inteva Products is based in Troy, Michigan.

Sell -

Seller(S) 1

SELLER

Eaton

Dublin, Ireland
Category Company
Founded 1911
Sector Electrical Equipment
Employees92,000
Revenue 23.2B USD (2023)
DESCRIPTION
Eaton's operational headquarters in Beachwood, Ohio.
Eaton's operational headquarters in Beachwood, Ohio.

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.

DEAL STATS #
Overall 6 of 11
Sector (Automotive) 3 of 3
Type (Divestiture) 6 of 9
State (Illinois) 1 of 1
Country (United States) 5 of 9
Year (2001) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-03 Cutler-Hammer Electrical

Coamo, Puerto Rico

Cutler-Hammer Electrical Co. is a manufacturer of resistors for use in transportation and electrical controls and is based in Milwaukee, Wisconsin in the USA, Melton Constable, Norfolk in the UK and Airdrie, Alberta in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-03 Transmisiones TSP S.A. de C.V.

Queretaro, Mexico

Transmisiones TSP, S.A. de C.V. is a manufacturer and seller of automotive products in Mexico.

Buy -
Mergr

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