Eaton acquires Royal Power Solutions
By MYBRANDBOOK
Eaton has acquired electrical and power component company Royal Power Solutions for $600 million. Royal Power Solutions is a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets.
Royal Power Solutions designs and manufactures power equipment including battery terminals, eyelet terminals, fuse components, and lead frames. The company has approximately 450 employees and manufacturing facilities in Carol Stream, Illinois, and Queretaro, Mexico, along with a sales and engineering office in Canton, Michigan.
Heath Monesmith, President and Chief Operating Officer, Industrial Sector, Eaton, said, “Growth opportunities tied to the electrification of our economy are accelerating, and Eaton is fully participating through our mobility and electrical businesses. And the addition of Royal Power Solutions enhances our ability to capitalize on this secular growth trend across our eMobility, aerospace and electrical businesses. We are excited to welcome Royal Power Solutions to Eaton.”
Eaton recently acquired Tripp Lite for $1.65 billion, adding new single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures, to its existing data center portfolio.
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