M&A Deal Summary

Siebe Acquires Eaton - Appliance Controls Business

On September 23, 1997, Siebe acquired electrical equipment company Eaton - Appliance Controls Business from Eaton for 310M USD

Acquisition Highlights
  • This is Siebe’s 1st transaction in the Electrical Equipment sector.
  • This is Siebe’s largest (disclosed) transaction.
  • This is Siebe’s 1st transaction in the United States.

M&A Deal Summary
Date 1997-09-23
Target Eaton - Appliance Controls Business
Sector Electrical Equipment
Buyer(s) Siebe
Sellers(s) Eaton
Deal Type Divestiture
Deal Value 310M USD

Target

Eaton - Appliance Controls Business

United States
Eaton - Appliance Controls Business unit manufactures a wide variety of timers, switches, water valves, thermostats and various range controls for the world's leading appliance makers. Eaton's Appliance Controls operation, which had sales of $440 million in 1996, has 4,800 employees at 17 facilities in North America, South America, Europe, Australia and Asia.

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Buyer(S) 1

Buyer

Siebe

London, United Kingdom
Category Company
Founded 1819
Sector Diversified
DESCRIPTION

Siebe plc is a diversified company. Siebe businesses are engineering, packaging, materials, building products and polymers.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Size (of disclosed) 1 of 1

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 1 of 11
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 1 of 9
Country (United States) 1 of 9
Year (1997) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-01 Mallory Controles

Sao Paulo, Brazil

Mallory Controles Ltda. is a manufacturer of program timers, pressure switches and water valves for dishwashers, clothes dryers, washing machines and other major appliances.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-13 Eaton - Suspension Division

United States

The Suspension Division manufactures and sells suspension products in South America which had 1997 sales of $126 million, has 1,126 employees at four locations in North America.

Sell -
Mergr

Product

Company

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