Eaton Completes Sale of its Automotive Fluid Conveyance Division
02 Gennaio 2020 - 3:28PM
Business Wire
Power management company Eaton (NYSE:ETN) today announced it has
completed the sale of its Automotive Fluid Conveyance Division to
Quantum Capital Partners. Terms of the transaction were not
disclosed.
The Automotive Fluid Conveyance Division manufactures hydraulic
power assisted steering, active ride systems, oil cooling, air
conditioning and plastic components for the automotive industry. It
employs approximately 1,300 people and has manufacturing facilities
in the United Kingdom, Germany, the Czech Republic and China.
Eaton is a power management company with 2018 sales of $21.6
billion. We provide energy-efficient solutions that help our
customers effectively manage electrical, hydraulic and mechanical
power more efficiently, safely and sustainably. Eaton is dedicated
to improving the quality of life and the environment through the
use of power management technologies and services. Eaton has
approximately 101,000 employees and sells products to customers in
more than 175 countries. For more information, visit Eaton.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200102005318/en/
Jonathan Hart / +41 78 706 78 70 / JonathanHart@eaton.com
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