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M&A Deal Summary

Eaton Acquires Ulusoy Elektrik A.Ş.

On January 31, 2019, Eaton acquired electrical equipment company Ulusoy Elektrik A.Ş. for 214M USD

Acquisition Highlights
  • This is Eaton’s 20th transaction in the Electrical Equipment sector.
  • This is Eaton’s 15th largest (disclosed) transaction.
  • This is Eaton’s 2nd transaction in Turkey.

M&A Deal Summary
Date 2019-01-31
Target Ulusoy Elektrik A.Ş.
Sector Electrical Equipment
Buyer(s) Eaton
Deal Type Add-on Acquisition
Deal Value 214M USD

Target

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.

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Buyer(S) 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 STATS #
Overall 48 of 62
Sector: Electrical Equipment M&A 20 of 27
Type: Add-on Acquisition M&A Deals 32 of 40
Country: Turkey M&A 2 of 2
Year: 2019 M&A 1 of 3
Size (of disclosed) 15 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-13 Oxalis Group

Stratford-upon-Avon, United Kingdom

Oxalis Group Ltd. manufactures closed-circuit TV camera stations, public address/general alarm systems and other electrical products for the hazardous area, marine, and industrial communications markets.

Buy -
FOLLOWING 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 -
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