# Eaton acquires 82.275% stake in Ulusoy Elektrik

Eaton has acquired an 82.275% stake in Ulusoy Elektrik, a Turkish manufacturer of medium-voltage electrical equipment, to expand its IEC medium-voltage portfolio in Europe, Middle East and Africa.

- Type: Acquisition
- Announced: 2019-09-10
- Where: Ankara, Turkey, Türkiye
- Status: completed
- Products: medium-voltage switchgear, distribution transformers, medium-voltage cabling accessories
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Eaton](https://endata.com/companies/2829.md) (acquirer)
- [Ulusoy Elektrik Imalat Taahhut ve Ticaret](https://endata.com/companies/38767.md) (target)

## Sources

- [industria-online.com](https://www.industria-online.com/news/20720-eaton-acquisisce-ulusoy-elektrik-e-rafforza-la-sua-presenza-nel-mercato-iec-a-media-tensione-in-europa,-medio-oriente-e-africa), 2019-09-10: "Questa acquisizione rappresenta per Eaton un elemento chiave nella strategia di consolidamento del proprio posizionamento nel mercato del building commerciale"

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