Eaton to acquire Powerware Corporation
Monday, 30 August, 2004
Diversified industrial manufacturer Eaton Corporation announced it has signed an agreement with Invensys PLC to purchase its power systems business, Powerware Corporation, for US$560 million.
Powerware Corporation is a market leader in uninterruptible power systems (UPS), DC Power products, and power quality services.
"The acquisition of Powerware will provide new products and solutions, along with strong brand recognition and expanded channels, for Eaton's global electrical business," said Alexander M Cutler, Eaton chairman and chief executive officer.
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