Press release from Business Wire
Eaton Acquires Electrical Business in Colombia
Thursday, June 02, 2011
Eaton Acquires Electrical Business in Colombia17:01 EDT Thursday, June 02, 2011
CLEVELAND (Business Wire) -- Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today
announced it has acquired the assets of C.I. ESI de Colombia S.A. (ESI).
Terms of the deal were not disclosed.
Based in Bogota, Colombia, ESI is a value added reseller of industrial
electrical equipment and engineering services in the Colombian market
focused on oil and gas, mining and industrial and commercial
construction. The company had sales of approximately $8 million in 2010.
“ESI is an established organization with strong relationships with
electrical OEMs and distributors in Colombia,” said Rich Stinson,
Eaton's president, Power Distribution, Electrical Sector for the
Americas Region. “This acquisition will help grow Eaton's presence in
Colombia and serve as a platform for future growth in the region.”
Eaton Corporation is a diversified power management company with 2010
sales of $13.7 billion. Celebrating its 100th anniversary in
2011, 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.
For more information, visit www.eaton.com.
Eaton CorporationMark Horner, 412-893-3590markhorner@eaton.comorHilary
Spittle, 216-523-5352
