Eaton to Acquire Electrical Division of Delta PLC

Eaton Corporation has signed an agreement to purchase the electrical division of Delta PLC for approximately $205 million. The transaction is expected to close in early 2003, pending regulatory review and Delta shareholder approval. The acquired division will be integrated into Eaton's Industrial and Commercial Controls segment.

“Eaton Corporation has signed an agreement to purchase the electrical division of Delta PLC, whose electrical products, systems, and services are used for the control and distribution of medium- and low-voltage electricity to protect life, equipment, and buildings. The purchase price is approximately $205 million. The transaction is expected to close in early 2003, following regulatory review and the approval of Delta's shareholders.”

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