Jan 31, 2019ACQUISITIONAnkara, Türkiye Eaton agrees to acquire 82.275% stake in Ulusoy Elektrik for $214M
Eaton has reached a definitive agreement to acquire an 82.275% controlling interest in Ulusoy Elektrik, a Turkish switchgear manufacturer, for approximately $214 million.
Productsmedium-voltage switchgeardistribution transformerssubstation kioskscable connection systems
“The acquisition of Ulusoy Elektrik complements Eaton's IEC portfolio and strengthens our ability to provide tailored medium-voltage solutions that span the full range of requirements.”eaton.com
- 3 sources
- eaton.comEaton Agrees to Acquire Controlling Interest in Ulusoy Elektrik, Expanding IEC Offerings in EMEAFeb 1, 2019
- eaton.comEaton Agrees to Acquire Controlling Interest in Ulusoy Elektrik, Expanding IEC Offerings in EMEAFeb 1, 2019
- dailysabah.comDublin-based Eaton Corp acquires 82 pct in local Ulusoy Elektrik | Daily SabahDaily Sabah with WiresFeb 1, 2019
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