Add-on Acquisition • Electrical Equipment

Eaton Acquires Innovative Switchgear Solutions

On July 18, 2019, Eaton acquired electrical equipment company Innovative Switchgear Solutions

Acquisition Context
  • This is Eaton’s 21st transaction in the Electrical Equipment sector.
  • This is Eaton’s 23rd transaction in the United States.
  • This is Eaton’s 2nd transaction in Colorado.

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M&A Deal Summary

Date July 18, 2019
Target Innovative Switchgear Solutions
Sector Electrical Equipment
Buyer(s) Eaton
Deal Type Add-on Acquisition

Target Company

Innovative Switchgear Solutions

Dacono, Colorado, United States
Innovative Switchgear Solutions, Inc. is a specialty manufacturer of medium-voltage electrical equipment serving the North American utility, commercial and industrial markets.
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Buyer Overview 1

Buyer

Eaton

Dublin, Ireland

Category Company
Founded 1911
Sector Electrical Equipment
Employees94,443
Revenue 24.9B USD (2024)
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 was founded in 1911 and is based in Dublin, Ireland.


Deal Context for Buyer #
Overall 49 of 62
Sector: Electrical Equipment 21 of 27
Type: Add-on Acquisition 33 of 40
State: Colorado 2 of 2
Country: United States 23 of 30
Year: 2019 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Ulusoy Elektrik A.Ş.

Ankara, Turkey

Ulusoy Elektrik A.Ş. is a manufacturer of switchgear based in Ankara, Turkey, with a primary focus on medium voltage solutions for industrial and utility customers. Products include medium-voltage switchgear, medium-voltage distribution transformers, substation kiosks, and medium-voltage cable connection systems.

Buy $214M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Souriau-Sunbank Connection Technologies

Versailles, Pennsylvania, France

Souriau SAS is a provider in connector solutions for industrial, military aeronautics and aerospace applications. The company makes a wide range of interconnection systems for severe environments (high pressure, extreme temperature, marine environments, exposure to electromagnetic or nuclear radiation, etc.)

Buy $920M