Eaton (ETN) to Acquire Cobham Mission Systems for $2.83 Billion
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Eaton Signs Agreement to Acquire Cobham Mission Systems, Expanding Eaton Aerospace’s Fuel and Environmental Systems Offerings
February 1, 2021 6:58 AM ESTDUBLIN--(BUSINESS WIRE)-- Power management company Eaton (NYSE: ETN) today announced it has signed an agreement to acquire Cobham Mission Systems (CMS), a leading manufacturer of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets. Under the terms of the agreement, Eaton will pay $2.83 billion for CMS, inclusive of $130 million in tax benefits. Excluding the amount paid for tax benefits, the purchase price represents approximately 14 times CMSs 2020 EBITDA and 13 times its... More
