# 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.

- Type: Acquisition
- Announced: 2019-05-14
- Where: Ankara, Türkiye
- Value: $214.0M
- Status: completed
- Products: medium-voltage switchgear, transformer and cable accessories
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Eaton](https://endata.com/companies/2829.md) (acquirer)
- [Ulusoy Elektrik](https://endata.com/companies/35735.md) (target)

## Sources

- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/eaton-acquires-controlling-interest-in-turkish-company-2019-05-16), 2019-05-16: "The acquisition of Ulusoy Elektrik complements Eaton’s International Electrotechnical Commission (IEC) standard portfolio and strengthens our ability to provide tailored medium-voltage solutions."
- [ippjournal.com](https://ippjournal.com/update/eaton-completes-purchase-of-majority-stake-in-ulusoy-elektrik), 2019-06-04: "Eaton Corporation has completed the purchase of an 82.28% stakes in Turkish electrical equipment manufacturer Ulusoy Elektrik."
- [esi-africa.com](https://www.esi-africa.com/energy-efficiency/eaton-reinforces-benefits-of-recent-acquisition-at-african-utility-week/), 2019-06-07: "The acquisition of Ulusoy Elektrik complements Eaton’s IEC portfolio and strengthens our ability to provide tailored medium-voltage solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.