M&A Deal Summary

Eaton Acquires Exertherm

On May 21, 2024, Eaton acquired electrical equipment company Exertherm

Acquisition Highlights
  • This is Eaton’s 26th transaction in the Electrical Equipment sector.
  • This is Eaton’s 27th transaction in the United States.
  • This is Eaton’s 2nd transaction in Texas.

M&A Deal Summary
Date 2024-05-21
Target Exertherm
Sector Electrical Equipment
Buyer(s) Eaton
Deal Type Add-on Acquisition

Target

Exertherm

Houston, Texas, United States
Exertherm is a privately owned, U.K.-based provider of thermal monitoring solutions for electrical equipment. Exertherm is based in Houston, Texas.

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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 58 of 59
Sector (Electrical Equipment) 26 of 26
Type (Add-on Acquisition) 38 of 38
State (Texas) 2 of 2
Country (United States) 27 of 27
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-24 Ryan

Jiangsu, China

Ryan is a manufacturer of power distribution and sub-transmission transformers in China. The company is focused on dry-type transformers, a sizeable and growing market amid the rapidly expanding renewable energy base and increasing electricity consumption around the world. its products are widely used and recognized by customers in renewable energy, data center, utility and industrial markets. Ryan is based in Jiangsu, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 NordicEPOD

Sande i Vestfold, Norway

NordicEPOD manufactures and delivers electrical power PODs to the Nordic market. NordicEPOD was formed in 2022 and is based in Sande i Vestfold, Norway.

Buy -
Mergr

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