Eaton Corporation (NYSE:ETN) announced it has agreed to acquire all of the shares of Rolec Comercial e Industrial S.A.
Headquartered in Santiago, Chile, Rolec is a manufacturer of integrated power assemblies and low-voltage and medium-voltage switchgear, and a provider of engineering services, serving mining and other heavy industrial applications in Chile and Peru. The deal is subject to customary closing conditions. Terms were not disclosed.
“Rolec’s strong customer relationships and long history will help boost Eaton’s business in target growth markets in Chile and Peru, including mining, pulp and paper, and energy infrastructure,” said Rich Stinson, president, Power Distribution for Eaton’s Electrical Americas Region. “We are excited to add Rolec’s capabilities to our expanding operations in South America.”
Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components, systems and services for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries.
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