Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today 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, Mass., Wright Line provides customized enclosures, rack systems, and air flow management systems to store, power, and secure mission-critical IT data center electronics. Over the last 12 months the company had sales of approximately $101 million and has more than 350 employees.
“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 centers,” 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. We have been impressed with the Wright Line team, operations and channel to market, and look forward to working with them to act on our vision for growth in the business.”
Eaton Agrees to Acquire Wright Line
August 5, 2010