DUBLIN – Intelligent power management company Eaton today announced it has signed an agreement to acquire COL Group from Oaktree’s Power Opportunities strategy. COL Group is a leader in medium-voltage electrical distribution solutions, including SF₆-free switchgear, grid automation technologies, and modular power systems. The acquisition will expand Eaton’s European power distribution capabilities and manufacturing footprint, enhancing its ability to support growing customer demand across data center and utility markets.
“COL Group brings complementary technologies, manufacturing capabilities and engineering expertise that will further strengthen Eaton’s European power distribution platform,” said Omar Zaire, president, EMEA Region, Corporate and Electrical Sector, Eaton. “The acquisition will enhance our ability to support utility and data center customers’ increasing need for resilient, sustainable power infrastructure and integrated grid-to-chip power solutions.”
Under the terms of the agreement, Eaton will acquire COL Group for an enterprise value of €810 million [USD 923 million]. COL Group has forecasted sales of €250 million [USD 285 million] for 2027.
COL Group is an industrial group with over a century of experience specializing in the development of electrical power distribution solutions. The company has approximately 400 employees and facilities in Turin, Milan, Bergamo, and Catania, Italy.
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first quarter of 2027.
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