Eaton to acquire 50% stake in HuanYu High Tech

Eaton signed an agreement to acquire a 50% stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures low-voltage circuit breakers and contactors in Wenzhou, China. HuanYu High Tech had 2019 sales of $106 million. The transaction is expected to close in Q2 2021.

“Power management company Eaton today announced it has signed an agreement to acquire a 50 percent stake in HuanYu High Tech.”eaton.com

• 1 source
• eaton.comEaton to acquire a 50 percent stake in HuanYu High TechDec 16, 2020

Summarized from public sources; check the original articles before acting on it.