Eaton acquires controlling interest in Ulusoy Elektrik

Eaton acquired a controlling interest in Ulusoy Elektrik, a Turkish manufacturer of medium-voltage electrical equipment, for $214 million, to strengthen its IEC portfolio and access to Europe, Middle East and Africa.

“The acquisition of Ulusoy Elektrik complements Eaton’s International Electrotechnical Commission (IEC) standard portfolio and strengthens our ability to provide tailored medium-voltage solutions.”engineeringnews.co.za

• 3 sources
• engineeringnews.co.zaEaton acquires controlling interest in Turkish companyKim CloeteMay 16, 2019
• ippjournal.comEaton completes purchase of majority stake in Ulusoy Elektri... |Jun 4, 2019
• esi-africa.comAcquisition of Ulusoy Elektrik reinforces EatonEatonJun 7, 2019

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