Eaton Acquires 50 Percent Stake in HuanYu High Tech, Expanding Eaton’s Range of Low-voltage Electrical Components Sold in Asia Pacific.

 

DUBLIN–(BUSINESS WIRE)–Power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of a 50 percent stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures and markets low-voltage circuit breakers and contactors in China, and throughout the Asia-Pacific region.

“Our partnership with HuanYu Group represents an exciting opportunity for both companies”

Howard Liu

“Our partnership with HuanYu Group represents an exciting opportunity for both companies,” said Howard Liu, president, Asia-Pacific Region, Electrical Sector and Corporate China, Eaton. “HuanYu High Tech’s strong product portfolio and manufacturing capabilities, combined with Eaton’s global scale and access to the broader Southeast Asian market, will enable us to grow our low-voltage electrical components business in Asia.”

HuanYu Group is a leading Chinese electrical equipment manufacturer. Founded in 1989 and headquartered in Wenzhou, China, its products are widely used across a variety of industries including, commercial and residential buildings, power grid, new energy, communication technology, transportation, and industrial manufacturing.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com

 

About Eaton

Today, the world runs on critical infrastructure and technology. Planes. Hospitals. Factories. Data centers. Vehicles. The electrical grid. These are things people depend on every day. And the companies behind them depend on us to help solve some of the toughest power management challenges on the planet. At Eaton, we’re dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable.

Our energy-efficient products and services help our customers effectively manage electrical, hydraulic and mechanical power more reliably, efficiently, safely and sustainably. By giving people tools to use power more efficiently. Helping companies do business more sustainably. And by encouraging each and every employee at Eaton to think differently about our business, our communities—and the positive impact we can have on the world.

We help our customers solve their greatest power management challenges through our industry leading electrical, aerospace, hydraulic and vehicle products and services. We are dedicated to manufacturing excellence and to providing innovative products that make our customers more successful. Our broad product mix can be found in industries all over the world, protecting people and assets, while improving productivity and efficiency.
It was 1911 when a young entrepreneur named Joseph Eaton decided to invest in a new idea in transportation — the first gear-driven truck axle. And though we have grown considerably, both organically and by uniting some of the world’s most respected names in our industry, we remain dedicated to the spirit of innovation and ideas that inspired him more than 100 years ago.
What makes Eaton stand out amongst our peers is our power management focus, our values-based culture and our philosophy to run the enterprise as an integrated operating company. The Eaton Business System (EBS) is the embodiment of our integrated operating company philosophy — it is how we work at Eaton and how we run our company in a common way.

Eaton Acquires 50 Percent Stake in HuanYu High Tech, Expanding Eaton’s Range of Low-voltage Electrical Components Sold in Asia Pacific

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