Browsing Tag
COL Group
2 posts
Eaton sales jump 28% to $8.95bn as electrical backlog rises 46%
Eaton Corporation reported record quarterly sales, 19% organic growth and sharply higher electrical equipment orders as data centres and utilities expanded infrastructure investment. However, acquisitions contributed to reported revenue growth, while higher financing costs and manufacturing expansion create important questions about long-term returns.
Eaton to buy COL Group for €810m as data-centre power demand hits Europe
Eaton has agreed to acquire Italian medium-voltage equipment specialist COL Group from Oaktree Capital Management for €810 million as data centres and utility investment drive stronger demand for electrical infrastructure across Europe.