Eaton to Buy Tripp Lite for $1.65 Billion
29 Gennaio 2021 - 1:32PM
Dow Jones News
By Dave Sebastian
Eaton Corp. PLC said it has agreed to buy Tripp Lite, a supplier
of power and connectivity products, for $1.65 billion, a deal that
would expand Eaton's power-quality business in the Americas.
"The acquisition of Tripp Lite will enhance the breadth of our
edge computing and distributed [information-technology] product
portfolio and expand our single-phase [uninterruptible power
supply] business," said Uday Yadav, president and chief operating
officer for Eaton's electrical-sector segment.
The power-management company expects to close the transaction in
mid-2021, it said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
January 29, 2021 07:17 ET (12:17 GMT)
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