# Eaton to acquire 50% stake in Jiangsu Huineng Electric's circuit breaker business

Eaton has signed an agreement to acquire a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd., which manufactures low-voltage circuit breakers in China. The transaction is expected to close in the third quarter of 2022.

- Type: Acquisition
- Announced: 2022-05-02
- Where: Zhenjiang, China, China
- Status: announced
- Products: low-voltage circuit breakers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Eaton](https://endata.com/companies/2829.md) (acquirer)
- [Jiangsu Huineng Electric Co., Ltd.](https://endata.com/companies/62640.md) (target)

## Sources

- [eaton.com](https://www.eaton.com/us/en-us/company/news-insights/news-releases/2022/eaton-to-acquire-50--stake-in-jiangsu-huineng-electric-co---ltd-.html), 2022-05-02: "Huineng’s application-tailored product offerings and manufacturing base in China, combined with Eaton’s expertise and global channels, will enable us to further expand to meet the needs of high-growth market segments such as renewable energy and grid modernization."
- [oaklins.com](https://www.oaklins.com/news/en-SE/215201-chinese-innovation-in-the-electrical-equipment-sector-comes-to-the-international-market), 2022-06-07: "The shareholders of Jiangsu Huineng Electric Co., Ltd. (Jiangsu Huineng), a leading Chinese low-voltage electrical equipment manufacturer, have sold a 50% equity stake of the company to Eaton Corporation (Eaton), a global giant in the electrical equipment industry, to form a joint venture."

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