Eaton (ETN) to Acquire Switchgear Maker E.A. Pedersen Co.
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Eaton Corporation (NYSE: ETN) has agreed to acquire E.A. Pedersen Company, a manufacturer of medium voltage switchgear primarily for the electrical utilities industry. The deal is subject to customary closing conditions. Terms were not disclosed.
The Omaha, NE- based company’s products include metal-clad switchgear, power control buildings and relay control panels. E.A. Pedersen does business as Pedersen Power Products and employs about 150 people. The company is expected to have 2011 sales of approximately $37 million.
The Omaha, NE- based company’s products include metal-clad switchgear, power control buildings and relay control panels. E.A. Pedersen does business as Pedersen Power Products and employs about 150 people. The company is expected to have 2011 sales of approximately $37 million.
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