M&A Deal Summary

Eaton Acquires Souriau-Sunbank Connection Technologies

On July 22, 2019, Eaton acquired electrical equipment company Souriau-Sunbank Connection Technologies from TransDigm Group for 920M USD

Acquisition Highlights
  • This is Eaton’s 22nd transaction in the Electrical Equipment sector.
  • This is Eaton’s 6th largest (disclosed) transaction.
  • This is Eaton’s 2nd transaction in France.
  • This is Eaton’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-07-22
Target Souriau-Sunbank Connection Technologies
Sector Electrical Equipment
Buyer(s) Eaton
Sellers(s) TransDigm Group
Deal Type Divestiture
Deal Value 920M USD

Target

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.)

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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 50 of 59
Sector (Electrical Equipment) 22 of 26
Type (Divestiture) 16 of 17
State (Pennsylvania) 2 of 2
Country (France) 2 of 2
Year (2019) 3 of 3
Size (of disclosed) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Eaton - Hydraulics Business

Dublin, Ireland

Eaton's Hydraulics Business provides mobile and industrial hydraulics.

Sell $3.3B

Seller(S) 1

SELLER

TransDigm Group

Cleveland, Ohio, United States
Category Company
Founded 1993
Sector Aerospace
Employees15,500
Revenue 6.6B USD (2023)
DESCRIPTION

TransDigm Group is a designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft platforms. TransDigm's major product lines include pumps, ignition system components, mechanical controls and actuators, engineered connectors, NiCad batteries and chargers, lavatory components and overhead bin latches. TransDigm Group was founded in 1983 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 3 of 8
Sector (Electrical Equipment) 1 of 3
Type (Divestiture) 3 of 8
State (Pennsylvania) 1 of 1
Country (France) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Esterline Technologies

Bellevue, Washington, United States

Esterline Technologies Corp. is a specialized manufacturing company serving principally aerospace and defense markets. Esterline management views the company’s businesses in three segments related to its set of core competencies: Avionics & Controls, Sensors & Systems, and Advanced Materials.

Buy $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Avista

Platteville, Wisconsin, United States

Avista, Inc. is a provider of software engineering services to OEMs in the aerospace, defense, industrial and medical industries. Avista was founded in 1987 and is based in Platteville, Wisconsin.

Sell -
Mergr

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