Manufacturers

Eaton Acquires 50% Stake in Circuit Breaker Business

Eaton Acquires 50% Stake in Circuit Breaker Business

DUBLIN, Ireland — Power management company Eaton announced it has completed the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng), which manufactures and markets low-voltage circuit breakers in China.

“This strategic relationship marks an important milestone in Eaton’s growth strategy,” said Howard Liu, president, Asia-Pacific Region, Electrical Sector, Eaton. “The combination of application-tailored products with our global distribution channels positions us to capitalize on opportunities in high-growth market segments such as renewable energy, grid modernization, commercial buildings and industrial.”

Jiangsu Huineng Electric Co., Ltd. is a Chinese high-tech electrical equipment manufacturer. Founded in 2007 and headquartered in Zhenjiang, China, its products are widely used and recognized across key markets including wind and solar and power plants.

 

Tagged with ,

Discussion (1 comments)

    Mark Cook July 13, 2022 / 8:50 am

    Supporting the china invasion

Comment on the story

Your email address will not be published. Required fields are marked *