# Eaton to acquire Souriau-Sunbank from TransDigm for $920M

TransDigm Group announced it has received a binding offer from Eaton Corporation to acquire Souriau-Sunbank Connection Technologies for approximately $920 million. The transaction is expected to close in Q4 2019.

- Type: Acquisition
- Announced: 2019-07-22
- Where: Versailles, France, France
- Value: $920.0M
- Jobs: 3,200
- Status: announced
- Products: interconnect solutions for harsh environments
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Transdigm](https://endata.com/companies/4650.md)
- [Eaton](https://endata.com/companies/2829.md) (acquirer)
- [Transdigm](https://endata.com/companies/4650.md) (partner)
- [Transdigm](https://endata.com/companies/4650.md) (target)
- [Souriau-Sunbank Connection Technologies](https://endata.com/companies/40800.md) (target)

## Sources

- [transdigmgroupinc.gcs-web.com](http://transdigmgroupinc.gcs-web.com/news-releases/news-release-details/transdigm-group-plans-divest-souriau-sunbank-connection/), 2019-07-22: "TransDigm Group Incorporated announced today that it has received a binding offer pursuant to a put option agreement from Eaton Corporation plc for the acquisition by Eaton of the business of Souriau-Sunbank Connection Technologies in a transaction valued at approximately $920 million."
- [eaton.com](https://www.eaton.com/us/en-us/company/news-insights/news-releases/2019/eaton-commits-to-acquire-souriau-sunbank-connection-technologies.html), 2019-07-22: "Souriau-Sunbank is a great fit with our current aerospace portfolio."
- [finance.yahoo.com](https://finance.yahoo.com/news/eaton-buy-transdigms-unit-expand-111011163.html), 2019-07-23: "Eaton Corporation announced that it has entered into an agreement to acquire TransDigm Group's arm TDG, Souriau-Sunbank Connection Technologies, for $920 million."
- [connectortips.com](https://www.connectortips.com/eaton-will-acquire-souriau-sunbank-connection-technologies-for-920-million/), 2019-08-02: "Souriau-Sunbank is a great fit with our current aerospace portfolio."

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