# Eaton acquires 49% stake in Jiangsu Ryan Electric

Eaton announced it has completed the acquisition of a 49% equity stake in Jiangsu Ryan Electric Co., Ltd., a Chinese manufacturer of distribution and substation transformers. The deal aims to accelerate Eaton's growth in renewable energy, data centers, utilities, and industrial markets.

- Type: Acquisition
- Announced: 2023-04-24
- Where: Nantong, Jiangsu, China
- Status: completed
- Products: distribution transformers, substation transformers, dry-type transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Eaton](https://endata.com/companies/2829.md) (acquirer)
- [Eaton](https://endata.com/companies/2829.md) (partner)
- [Jiangsu Ryan Electric](https://endata.com/companies/69883.md) (target)
- [Jiangsu Ryan Electrical Co. Ltd.](https://endata.com/companies/69972.md) (target)
- [Jiangsu Ryan Electrical Stock Co., Ltd.](https://endata.com/companies/70128.md) (partner)

## Sources

- [eaton.com.cn](https://www.eaton.com.cn/cn/zh-cn/company/news-insights/news-releases/2023/eaton-acquires-49--stake-in-jiangsu-ryan-electrical-co--ltd.html), 2023-04-24: "通过此次强强联合，我们将更好地助力能源转型，并为不同的应用场景提供电气产品与解决方案。"
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/22847409/eaton-acquires-49-stake-in-jiangsu-ryan-electrical), 2023-04-26: "The powerful combination of Ryan’s high-quality products and Eaton’s global distribution will enable us to better serve customers in Asia Pacific and around the world."
- [zgnt.net](http://www.zgnt.net/ntrbszb/pc/c/202305/05/content_134911.html), 2023-05-05: "On 24 April, opening ceremony of joint venture establishment of Eaton (China) Investment Co., Ltd. and Jiangsu Ryan Electrical Stock Co., Ltd. was held in Hai’an."

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