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Eaton Expands European Hydraulics Business
CLEVELAND-(Business Wire)-October 2, 2008 - Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has acquired Integ Holdings Limited, the parent company of Integrated Hydraulics Ltd., a U.K. manufacturer of screw-in cartridge valves, custom-engineered hydraulic valves and manifold systems. Terms of the deal were not disclosed.
“This acquisition expands the geographic presence of Eaton’s hydraulics business, enhances its current hydraulic product portfolio and helps us become a more significant partner for European customers,†said William R. VanArsdale, president – Eaton’s Hydraulics Business.
The company employs approximately 290 people.
Eaton Corporation is a diversified power management company with 2007 sales of $13 billion. Eaton is a global technology leader in electrical 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 81,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.
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