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Press release from Business Wire

Eaton Completes Acquisition of Medium Voltage Switchgear Manufacturer E.A. Pedersen Company

Thursday, December 29, 2011

Eaton Completes Acquisition of Medium Voltage Switchgear Manufacturer E.A. Pedersen Company17:00 EST Thursday, December 29, 2011 CLEVELAND (Business Wire) -- Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has completed its acquisition of E.A. Pedersen Company, a manufacturer of medium voltage switchgear primarily for the electrical utilities industry. The transaction was announced December 16, 2011. The Omaha, NE- based company's products include metal-clad switchgear, power control buildings and relay control panels. E.A. Pedersen does business as Pedersen Power Products and employs about 150 people. The company is expected to have 2011 sales of approximately $37 million. 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 73,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com. Eaton CorporationScott Schroeder, 216-523-5150scottrschroeder@eaton.com