Eaton Corp. to Acquire Cooper Industries

  • May 21, 2012
Eaton Corp., a power management company located in Cleveland, has acquired Ireland-based Cooper Industries for $11.8 billion. Cooper Industries supplies electrical equipment and has a division that makes emergency lighting, intruder alarms and fire-safety and security systems.

The deal is expected to close in the second half of 2012.

The joint company, called Eaton Global Corp., will be based in Ireland.

“This compelling combination of Eaton’s power distribution and power quality equipment and systems with Cooper’s diversified component brands, global reach, and international distribution creates a game-changer to serve the electrical industry,” said Alexander M. Cutler, Eaton’s chairman and CEO. “We’re excited about bringing together two great companies to create shareholder value and continue our global growth. This combination significantly expands our ability to better serve our customers with their demands for critical energy-saving technologies as they address the impact of the world’s growing energy needs.”

“We are extremely pleased to become part of Eaton’s global electrical business,” said Kirk Hachigian, chairman and CEO of Cooper. “This combination creates endless opportunities to accelerate growth and serve our global customers through combining technology, distribution, penetrating important vertical industries, and entering new emerging markets. The two companies are a perfect fit in every respect.”

Featured

  • ESX 2025 Announces Expanded Schedule of Events

    ESX has announced its dynamic 2025 schedule, set to provide an unparalleled experience for professionals in the electronic security and life safety industry. Taking place June 16-19 at the Cobb Galleria Centre, this year’s event features an expanded lineup of educational sessions, hands-on workshops, inspiring main stage speakers, networking opportunities, and an engaging expo floor showcasing the latest technology. Read Now

  • City of New Orleans Launches NOLA Ready Public Safety App Before Super Bowl

    The City of New Orleans Office of Homeland Security and Emergency Preparedness (NOHSEP) is pleased to announce the official launch of the NOLA Ready Public Safety App, powered by Motorola Solutions. This new mobile application is designed to enhance public safety and emergency preparedness for both residents and visitors. All individuals planning to attend major events in New Orleans, including the Super Bowl, Mardi Gras, and other large gatherings, are encouraged to download the app. Read Now

  • 5 Tips to Improve Your Password Security

    Change Your Password Day is right around the corner. Observed every year on February 1, the day aims to raise awareness about cybersecurity and underscores the importance of keeping passwords strong and up to date. Read Now

  • Enhancing Port Security

    DP World Yarimca, one of the largest container terminals of the Gulf of İzmit and Turkey, is a strong proponent of using industry-leading technology to deliver unrivaled value to its customers and partners. As the port is growing, DP World Yarimca needs to continue to provide uninterrupted operations and a high level of security.To address these challenges, DP World Yarimca has embraced innovative technological products, including FLIR's comprehensive portfolio of security monitoring solutions. Read Now

Most   Popular

New Products

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.