Eaton capitalized on electrification trends with a new acquisition
In 2022, Eaton Corporation PLC (Eaton) announced the acquisition of Royal Power Solutions, a manufacturer of high-precision electrical connectivity components for use in electric vehicles, energy management and industrial and mobility markets. Through this acquisition, Eaton can accelerate growth in its mobility and electrical businesses through power management technology, particularly as the economy steers towards more environmentally friendly electricity solutions, such as electric vehicles. This acquisition is expected to enable the company to continue to move toward sustainability goals while adapting to the current demands of downstream consumers.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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