EATON CORPORATION PLC

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Eaton Acquires Royal Power Solutions for $600 Million

01/05/2022 | 05:35pm EDT

By Kimberly Chin

Eaton Corp. said Wednesday it has acquired Royal Power Solutions for $600 million, as the company seeks to gain a foothold in the electrification of various industries.

"The addition of Royal Power Solutions enhances our ability to capitalize on this secular growth trend across our eMobility, aerospace and electrical businesses," said Heath Monesmith, Eaton president and chief operating officer of the industrial sector, in prepared remarks.

Royal Power Solutions, which has facilities in Carol Stream, Ill., and Queretaro, Mexico, manufactures high-precision electrical connectivity components that are used in electric vehicles, energy management and the industrial and mobility markets.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

01-05-22 1735ET

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Financials (USD)
Sales 2022 20 651 M - -
Net income 2022 2 581 M - -
Net Debt 2022 8 181 M - -
P/E ratio 2022 21,1x
Yield 2022 2,35%
Capitalization 54 471 M 54 471 M -
EV / Sales 2022 3,03x
EV / Sales 2023 2,81x
Nbr of Employees 85 947
Free-Float 99,7%
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Technical analysis trends EATON CORPORATION PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 136,52 $
Average target price 173,70 $
Spread / Average Target 27,2%
EPS Revisions
Managers and Directors
Craig Arnold Senior Vice President
Thomas Bernard Okray Chief Financial Officer & Executive Vice President
Raja Ramana Macha Chief Technology Officer & Executive VP
Katrina R. Redmond Chief Information Officer & Senior Vice President
Kurt B. McMaken SVP-Operations, Finance & Finance Transformation
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