Eaton Agrees to Acquire ACTOM Low-Voltage Electrical Business in South AfricaJanuary 26, 2011 by Jeff Shepard
Eaton Corp. announced that it has reached agreement to acquire ACTOM (Pty) Ltd.’s low-voltage electrical business in South Africa. Terms of the deal, which are subject to regulatory approvals and other customary closing conditions, were not disclosed.
ACTOM’s low-voltage business is a leading South African manufacturer and supplier of motor control components, engineered electrical distribution systems, and uninterruptible power supply systems. Headquartered in Johannesburg, ACTOM’s low-voltage business had sales of $58 million during the last twelve months. The business has 480 employees and two manufacturing facilities in South Africa.
"The acquisition of ACTOM’s low-voltage business establishes a direct presence for Eaton in the attractive South African market and serves as a platform for growth in the region," said Frank Campbell, President of Eaton’s Europe, Middle East and Africa Region for the Electrical Sector. "The combination of Eaton’s business with ACTOM’s low-voltage business will offer a broader set of power distribution and power quality solutions that enable our customers to more effectively grow and compete in their markets."
ACTOM (Pty) Ltd. is a leading manufacturer and distributor of electrical equipment in South Africa, employing approximately 6,000 people and having an annual order intake in excess of 5 billion rand.