Eaton Announces Acquisition Of Power Products Ltd.‘s Power Protection Business
Eaton Corp. announced that it has agreed to acquire the Power Protection Business of Power Products Ltd., a Prague-based distributor and service provider of Powerware® and other uninterruptible power systems, for $1.6 million. The transaction, expected to close in the first quarter, is subject to regulatory approvals and other customary closing conditions.
The Power Protection Business of Power Products Ltd. had 2006 sales of $3.2 million. The business employs 13 people in offices in Prague and Brno, Czech Republic; and Bratislava, Slovak Republic.
"The acquisition of PPL's Power Protection Business will strengthen our power quality systems offerings by providing access to established channel structures and customers in the Czech Republic and Slovak markets," said Randy Carson, Eaton Senior Vice President and President - Electrical Group.