M&A Deal Summary

Eaton Acquires Innovative Switchgear Solutions

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2019-07-18
Target Innovative Switchgear Solutions
Sector Electrical Equipment
Buyer(s) Eaton
Deal Type Add-on Acquisition

Target

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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 49 of 59
Sector (Electrical Equipment) 21 of 26
Type (Add-on Acquisition) 33 of 38
State (Colorado) 2 of 2
Country (United States) 23 of 27
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
Mergr

Product

Company

Legal