M&A Deal Summary

Halma Acquires Cutler-Hammer Electrical

On March 3, 2000, Halma acquired semiconductors company Cutler-Hammer Electrical from Eaton

Acquisition Highlights
  • This is Halma’s 1st transaction in the Semiconductors sector.
  • This is Halma’s 1st transaction in Puerto Rico.

M&A Deal Summary
Date 2000-03-03
Target Cutler-Hammer Electrical
Sector Semiconductors
Buyer(s) Halma
Sellers(s) Eaton
Deal Type Divestiture

Target

Cutler-Hammer Electrical

Coamo, Puerto Rico
Cutler-Hammer Electrical Co. is a manufacturer of resistors for use in transportation and electrical controls and is based in Milwaukee, Wisconsin in the USA, Melton Constable, Norfolk in the UK and Airdrie, Alberta in Canada.

Search 200,500 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

Halma

Amersham, United Kingdom
Category Company
Founded 1894
Sector Safety/Security
Employees7,000
Revenue 2.0B GBP (2024)
DESCRIPTION

Halma is a UK-based group of technology companies that makes products for hazard detection and life protection. Halma was founded in 1894 and is based in Amersham.

DEAL STATS #
Overall 9 of 56
Sector (Semiconductors) 1 of 4
Type (Divestiture) 1 of 5
Country (Puerto Rico) 1 of 1
Year (2000) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-04 T.L. Jones

Hornby, New Zealand

T.L. Jones Ltd. is a manufacturer of door safety edges for the elevator industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-13 Hydreka SAS

Saint Cyr Au Mont D'or, France

Hydreka SAS is a provider of software and equipment for measuring flow and leakage of clean water or dirty water.

Buy -

Seller(S) 1

SELLER

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 5 of 11
Sector (Semiconductors) 1 of 1
Type (Divestiture) 5 of 9
Country (Puerto Rico) 1 of 1
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-13 Eaton - Mobile Agricultural Cylinders

United States

Eaton - Mobile Agricultural Cylinders is a manufacturer of mobile agricultural equipment, many of whom export globally. The mobile agricultural cylinders are manufactured at Eaton's plant in Hutchinson, Kansas. Approximately 70 employees in Hutchinson are involved in cylinder manufacturing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-12 Eaton - Vehicle Switch/Electronics Division

Downers Grove, Illinois, United States

Eaton - Vehicle Switch/Electronics Division manufactures a wide range of electro-mechanical and mechatronic controls, including column switches; control modules for windows, doors and other customer courtesy uses; electronic controllers; instrument panel and console switches; lighting centers; transmission switches; and security, under-the-hood and door jamb switches.

Sell $300M
Mergr

Product

Company

Legal