# 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.

- Type: Acquisition
- Announced: 2020-12-15
- Where: Wenzhou, China, China
- Status: announced
- Products: low-voltage circuit breakers, contactors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Eaton](https://endata.com/companies/2829.md) (acquirer)
- [HuanYu High Tech](https://endata.com/companies/51920.md) (target)
- [HuanYu Group](https://endata.com/companies/51921.md) (partner)

## Sources

- [eaton.com](https://www.eaton.com/us/en-us/company/news-insights/news-releases/2020/eaton-to-acquire-a-50-percent-stake-in-huanyu-high-tech.html), 2020-12-16: "Power management company Eaton today announced it has signed an agreement to acquire a 50 percent stake in HuanYu High Tech."

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