Ulusoy Elektrik Imalat Taahhut ve Ticaret

Eaton has acquired an 82.275% stake in Ulusoy Elektrik, a Turkish manufacturer of medium-voltage electrical equipment, to expand its IEC medium-voltage portfolio in Europe, Middle East and Africa.

Eaton agreed to acquire an 82.275% controlling stake in Ulusoy Elektrik, a Turkish manufacturer of medium-voltage equipment, for approximately $214 million. The deal is expected to close in the first half of 2019.