Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today
announced it has acquired Gycom’s electrical low-voltage power
distribution, control and automation components business in Sweden,
Denmark and Finland. The transaction will enable Eaton to serve Gycom’s
customers with Eaton’s full range of power distribution products and
services. Terms of the deal were not disclosed.
“Gycom has established strong relationships with key customers in the
region,” said Frank Campbell, Eaton president, Europe, Middle East and
Africa Region for the Electrical Sector. “This acquisition is an
effective way to expand our presence in the Nordic region.”
Headquartered in Taby, Stockholm County, Sweden, Gycom’s low-voltage
power distribution, control and automation business had 2011 sales of
approximately $24 million.
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 72,000 employees and
sells products to customers in more than 150 countries. For more
information, visit www.eaton.com.
