Eaton, a US power management company, has signed an all-cash deal worth $3.3 billion to sell its hydraulics business to Danish industrial company Danfoss. The divested hydraulics business is said to have accounted for 86% of Eaton’s hydraulics segment revenue last year. The business is claimed to be among the top players in the world […]
Signify acquisition of Cooper Lighting Solutions : Eaton, a US power management company, has agreed to offload its lighting business – Cooper Lighting Solutions to the Netherlands-based Signify (formerly Philips Lighting) for $1.4 billion in an all-cash deal. The US company decided to divest Cooper Lighting Solutions after carrying out a comprehensive review of several […]