Eaton Expands Middle East Electrical Business
06 Luglio 2009 - 2:44PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
today announced it has entered into a joint venture in the United
Arab Emirates. The joint venture will operate through SEG Middle
East Power Solutions & Switchboard Manufacture LLC, a
manufacturer of low voltage switchboards and control panel
assemblies for use in the Middle East power generation and
industrial markets. Terms of the deal were not disclosed.
SEG Middle East Power Solutions & Switchboard Manufacture
LLC, which is based in Abu Dhabi, United Arab Emirates, had sales
of $10 million in the fiscal year ended December 31, 2008.
�This joint venture provides Eaton with an established operation
that has built a successful business supplying switchboard and
control solutions in the Middle East,� said Frank Campbell,
president � Europe, Middle East and Africa region for Eaton�s
Electrical Sector. �This provides Eaton with a local manufacturing
presence and positions us for continued success in this high growth
region.�
Eaton Corporation is a diversified power management company with
2008 sales of $15.4 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 75,000 employees and
sells products to customers in more than 150 countries. For more
information, visit www.eaton.com.
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