M&A Deal Summary

Eaton Acquires Electrum Group

On March 17, 2004, Eaton acquired information technology company Electrum Group

Acquisition Highlights
  • This is Eaton’s 1st transaction in the Information Technology sector.
  • This is Eaton’s 3rd transaction in the United States.
  • This is Eaton’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2004-03-17
Target Electrum Group
Sector Information Technology
Buyer(s) Eaton
Deal Type Add-on Acquisition

Target

Electrum Group

Woodbridge, New Jersey, United States
Electrum Group Ltd. is a provider of power management services and web-based software for telecommunications, data center and government applications. Electrum-OnLine is a suite of web-based, client friendly, customizable applications that serve as a centralized database for all site survey, asset management, preventative maintenance, alarming, remote monitoring, project management and power engineering information and data.

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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 6 of 59
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 5 of 38
State (New Jersey) 1 of 2
Country (United States) 3 of 27
Year (2004) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-07 Ultronics

Cheltenham, United Kingdom

Ultronics Ltd. is a provider of electro-hydraulic control valves, systems and software technology are utilized in mobile applications in construction, forestry, agriculture and other markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-27 Powerware

Raleigh, North Carolina, United States

Powerware provides products and services that are utilized by computer manufacturers, industrial companies, government, telecommunications firms, medical institutions, data centers and other businesses. It offers a full line of UPS products (three-phase and single-phase) and DC power systems, power management software, remote monitoring, integration services and site support.

Buy $560M