Eaton Agrees to Acquire CopperLogicSeptember 28, 2010
Acquisition adds CopperLogic's Moeller industrial control products and other electrical components to Eaton's extensive portfolio.
CLEVELAND--(BUSINESS WIRE)--Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced it has agreed to acquire CopperLogic, Inc., a manufacturer of electrical and electromechanical systems. Terms of the deal, which are subject to customary closing conditions, were not disclosed.
"We are excited to be combining CopperLogic's go-to-market efforts with Eaton's," said Jerry R. Whitaker, president—Americas Region, Electrical Sector. "This will help us better support the way machinery original equipment manufacturers and other customers obtain industry-leading Moeller series components in North America. This acquisition positions Eaton as a more complete partner to machinery original equipment manufacturers and will further enhance Eaton's sales organization and channels focused on the control, components and automation markets. The acquisition of CopperLogic will also bring a portfolio of IEC, CSA and UL assemblies to Eaton."
CopperLogic has facilities in the U.S. and Canada, with headquarters in Houston, TX and Mississauga, Ontario. The company employs approximately 170 people and had sales of approximately $35 million during the last 12 months.
Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries.
Most Read Articles