Diversified industrial manufacturer, Eaton Corporation has announced it has agreed to acquire Wright Line Holding, Inc., subject to regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.
Based in Worcester, Massachusetts, Wright Line provides customised enclosures, rack systems and air flow management systems to store, power as well as secure mission-critical IT data centre electronics.
The company has over 350 employees on its rolls and has had sales of approximately US$101 million over the last 12 months.
“The acquisition of Wright Line significantly enhances Eaton’s ability to bring a broader, more robust set of solutions to help CIOs and IT managers address the challenges associated with today’s modern data centres,” said Jerry R. Whitaker, president-Americas Region, Eaton’s Electrical Sector.
“Combining Wright Line’s strong enclosure and air management portfolio along with Eaton’s market-leading UPS and power distribution offerings creates a strong solution to help our customers deal with the challenges associated with energy efficiency, thermal management and capital deployment.”
Eaton Corporation is a diversified power management company with 2009 sales of US$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 as well as 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.