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Eaton completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a Chinese manufacturer of power distribution and sub-transmission transformers. Terms were not disclosed.
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.