Media Release by Eaton Corporation
Eaton completes the acquisition of Souriau-Sunbank Connection Technologies – Learn more at the Singapore Airshow 2020
Power management company Eaton Corporation plc (NYSE:ETN) announced it has completed the acquisition of the Souriau-Sunbank Connection Technologies business of TransDigm Group Incorporated for $920 million.
Headquartered in Versailles, France, Souriau-Sunbank is a global leader in highly engineered electric interconnect solutions for harsh environments for customers in the aerospace, defense, industrial, energy, and transport industries. Founded over 100 years ago, the business has a workforce of approximately 3,200 people and manufacturing facilities in France, the Dominican Republic, India, Morocco, Mexico, and the United States.
“I am delighted to welcome the Souriau-Sunbank team to Eaton,” said Craig Arnold, Eaton chairman and chief executive officer. “Souriau-Sunbank accelerates our participation in the growing market for electrical content on aircraft and is another example of our strategy to bring our broad electrical expertise into new markets.”
To learn more about our new products, visit us at booth Q31 during the Singapore Airshow 2020.
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 101,000 employees. For more information, visit www.eaton.com.
Tuesday 04 Feb 2020