# Eaton acquires 50% stake in Huanyu Group to form Huanyu High-Tech

Eaton Electric completed a 50% capital increase and strategic cooperation with Huanyu Group, a Chinese electrical equipment manufacturer, forming the joint venture Huanyu High-Tech Co., Ltd. The deal was announced on March 30, 2021.

- Type: Acquisition
- Announced: 2021-03-30
- Where: Wenzhou, Zhejiang, China
- Status: completed
- Products: low-voltage electrical components, power distribution equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [HuanYu High Tech](https://endata.com/companies/51920.md) (partner)
- [HuanYu High Tech](https://endata.com/companies/51920.md) (target)
- [HuanYu Group](https://endata.com/companies/51921.md) (partner)
- [HuanYu Group](https://endata.com/companies/51921.md) (target)
- [Eaton Electric](https://endata.com/companies/54101.md) (acquirer)
- [Eaton Electric](https://endata.com/companies/54101.md) (partner)

## Sources

- [prnasia.com](https://www.prnasia.com/story/313327-1.shtml), 2021-03-30: "We are delighted to have achieved a strong alliance with Eaton through the professional services of Oaklins HFG China."
- [huanyu-electric.com](https://www.huanyu-electric.com/news_76/33.html), 2021-12-31: "Huanyu Group and Eaton Electric held an opening day ceremony for the joint venture Huanyu High-tech Co., Ltd."

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