M&A Deal Summary

Eaton Acquires Tripp Lite

On January 29, 2021, Eaton acquired electrical equipment company Tripp Lite for 1.7B USD

Acquisition Highlights
  • This is Eaton’s 24th transaction in the Electrical Equipment sector.
  • This is Eaton’s 5th largest (disclosed) transaction.
  • This is Eaton’s 25th transaction in the United States.
  • This is Eaton’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-01-29
Target Tripp Lite
Sector Electrical Equipment
Buyer(s) Eaton
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Tripp Lite

Chicago, Illinois, United States
Tripp Lite's corporate headquarters in Chicago, Illinois.
Tripp Lite's corporate headquarters in Chicago, Illinois.
Tripp Lite is a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas. Tripp Lite was formed in 1922 and is headquartered in Chicago, Illinois.

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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 52 of 59
Sector (Electrical Equipment) 24 of 26
Type (Add-on Acquisition) 35 of 38
State (Illinois) 1 of 2
Country (United States) 25 of 27
Year (2021) 1 of 4
Size (of disclosed) 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Power Distribution

Richmond, Virginia, United States

Power Distribution, Inc. is a designer and manufacturer of power distribution equipment for the North America data center market. Power Distribution produces power distribution units, static transfer switches, remote power panels, power conditioning units, medium and low voltage transformers and patented power monitors used mainly in data centre and alternative energy applications. Power Distribution was established in 1978 and is based in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Cobham Mission Systems Wimborne

Wimborne, United Kingdom

Cobham Mission Systems Wimborne is a manufacturer of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets. Cobham Mission Systems is based in Wimborne, United Kingdom.

Buy $2.8B
Mergr

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