Eaton to Acquire Power Distribution, Inc., Expanding Data Center Power Distribution and Monitoring Solutions
03 Febbraio 2020 - 3:19PM
Business Wire
Power management company Eaton (NYSE:ETN) today announced it has
agreed to acquire Power Distribution, Inc. (PDI), a leading
supplier of mission critical power distribution, static switching,
and power monitoring equipment and services for data centers and
industrial and commercial customers. The company is headquartered
in Richmond, Virginia, and had 2019 sales of $125 million.
“PDI’s portfolio is highly complementary to our current offering
and will allow us to better serve our data center customers,” said
Brian Brickhouse, president, Electrical Sector, Americas region,
Eaton. “We have watched the growth of PDI for the last decade and
are excited to have them become part of Eaton.”
The transaction is subject to customary closing conditions and
is expected to close in the first quarter of this year. Terms of
the transaction have not been disclosed.
Eaton’s mission is to improve the quality of life and the
environment through the use of power management technologies and
services. We provide sustainable solutions that help our customers
effectively manage electrical, hydraulic, and mechanical power –
more safely, more efficiently, and more reliably. Eaton’s 2018
revenues were $21.6 billion, and we sell products to customers in
more than 175 countries. We have approximately 101,000 employees.
For more information, visit Eaton.com.
This news release contains forward-looking statements concerning
the expected acquisition of Power Distribution, Inc. some of which
are outside the company’s control. The following factors could
cause actual results to differ materially from those in the
forward-looking statements: unexpected difficulties satisfying
closing conditions and failure to complete all required steps. We
do not assume any obligation to update these forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200203005500/en/
Katy Brasser, (440) 523-7076 KatyBrasser@eaton.com
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