Eaton Completes Acquisition of Tripp Lite

Eaton Completes Acquisition of Tripp Lite

DUBLIN, Ireland — Power management company Eaton announced it has completed the acquisition of Tripp Lite.

Headquartered in Chicago, Illinois, Tripp Lite is a leading supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas.

“I am delighted to welcome the Tripp Lite team to Eaton,” said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton. “The addition of Tripp Lite’s complementary product offerings will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business.”

Eaton announced the acquisition this year in early February. Under the terms of the original agreement, Eaton was supposed to pay $1.65 billion for Tripp Lite, representing approximately 12 times Tripp Lite’s 2020 EBITDA and 11 times estimated 2021 EBITDA.


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