Eaton to acquire electrical division of Delta PLC for ~$205 million

Eaton Corporation signed an agreement to purchase the electrical division of Delta PLC (medium- and low-voltage electrical control and distribution products) for approximately $205 million, with close expected in early 2003 pending regulatory and shareholder approval. Strategic corporate acquisition.

“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.”

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