The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Eaton Agrees to Acquire ACTOM's Low-Voltage Electrical Business in South Africa

Friday, January 21, 2011

Eaton Agrees to Acquire ACTOM's Low-Voltage Electrical Business in South Africa08:00 EST Friday, January 21, 2011 CLEVELAND (Business Wire) -- Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today it has reached agreement to acquire ACTOM (Pty) Ltd.'s low-voltage electrical business in South Africa. Terms of the deal, which are subject to regulatory approvals and other customary closing conditions, were not disclosed. ACTOM's low-voltage business is a leading South African manufacturer and supplier of motor control components, engineered electrical distribution systems and uninterruptible power supply systems. Headquartered in Johannesburg, ACTOM's low-voltage business had sales of $58 million during the last twelve months. The business has 480 employees and two manufacturing facilities in South Africa. “The acquisition of ACTOM's low-voltage business establishes a direct presence for Eaton in the attractive South African market and serves as a platform for growth in the region,” said Frank Campbell, president of Eaton's Europe, Middle East and Africa Region for the Electrical Sector. “The combination of Eaton's business with ACTOM's low-voltage business will offer a broader set of power distribution and power quality solutions that enable our customers to more effectively grow and compete in their markets.” ACTOM (Pty) Ltd. is a leading manufacturer and distributor of electrical equipment in South Africa, employing approximately 6,000 people and having an annual order intake in excess of 5 billion rand. For more information, visit www.actom.com.za. Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries. Eaton CorporationGary Klasen, 216-523-4736