Souriau-Sunbank Connection Technologies

TransDigm Group completed the divestiture of Souriau-Sunbank Connection Technologies to Eaton Corporation for approximately $920 million. The business is headquartered in Versailles, France.

Eaton has completed its acquisition of Innovative Switchgear Solutions (ISG), a U.S. manufacturer of medium-voltage electrical equipment based in Dacono, Colorado. The deal value was undisclosed; ISG had sales of $18 million in 2018.

TransDigm Group announced it has received a binding offer from Eaton Corporation to acquire Souriau-Sunbank Connection Technologies for approximately $920 million. The transaction is expected to close in Q4 2019.