M&A Deal Summary

Eaton Acquires Aeroquip-Vickers

On February 1, 1999, Eaton acquired machinery company Aeroquip-Vickers for 1.7B USD

Acquisition Highlights
  • This is Eaton’s 1st transaction in the Machinery sector.
  • This is Eaton’s 4th largest (disclosed) transaction.
  • This is Eaton’s 2nd transaction in the United States.
  • This is Eaton’s 2nd transaction in Ohio.

M&A Deal Summary
Date 1999-02-01
Target Aeroquip-Vickers
Sector Machinery
Buyer(s) Eaton
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Aeroquip-Vickers

Maumee, Ohio, United States
Aeroquip-Vickers is two companies, Aeroquip Corporation and Vickers, Incorporated, world leaders in the design, manufacture and distribution of engineered components and systems to industrial, aerospace and automotive markets. Headquartered in Maumee, Ohio, the company has 15,000 employees and 50 manufacturing and/or assembly sites in 15 countries around the world.

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Buyer(S) 1

Buyer

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 3 of 59
Sector (Machinery) 1 of 16
Type (Add-on Acquisition) 2 of 38
State (Ohio) 2 of 6
Country (United States) 2 of 27
Year (1999) 1 of 1
Size (of disclosed) 4 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-13 Eaton - Suspension Division

United States

The Suspension Division manufactures and sells suspension products in South America which had 1997 sales of $126 million, has 1,126 employees at four locations in North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-13 Eaton - Engineered Fastener Division

United States

Eaton's Engineered Fastener Division manufactures a wide variety of fastening devices for automotive, business equipment, consumer electronics and home appliance markets. The division has manufacturing facilities in Brunswick and Massillon, Ohio and Hamilton, Ontario, Canada.

Sell $173M
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