Edition:
India

Eaton Agrees to Acquire Controlling Interest in Ulusoy Elektrik, Expanding IEC Offerings in EMEA


Friday, 1 Feb 2019 

Jan 31 (Reuters) - Eaton Corporation PLC ::EATON CORP- REACHED DEFINITIVE AGREEMENT TO ACQUIRE 82.275 PERCENT CONTROLLING INTEREST IN ULUSOY ELEKTRIK IMALAT TAAHHUT VE TICARET A.S..EATON AGREES TO ACQUIRE CONTROLLING INTEREST IN ULUSOY ELEKTRIK, EXPANDING IEC OFFERINGS IN EMEA.EATON CORPORATION PLC -PURCHASE PRICE FOR SHARES IS APPROXIMATELY $214 MILLION ON A CASH AND DEBT FREE BASIS.EATON CORPORATION- AS PART OF DEAL, CERTAIN UNRELATED BUSINESSES WITH EXPECTED REVENUE IN 2018 OF APPROXIMATELY $3 MILLION ARE NOT INCLUDED IN THIS DEAL. 

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31 Mar 2020