Eaton’s acquisition of Ulusoy Elektrik in Turkey is likely to gain it more business access in the Middle East and Africa region

Posted by MarketsandMarkets on Apr 26, 2019 5:39:17 PM

Eaton completed the acquisition of a controlling interest in Ulusoy Elektrik, a medium voltage product manufacturing company in Turkey, in April 2019. This transaction happened with the purchase of shares of nearly $214 million on a cash and debt free basis. With this acquisition, Eaton is likely to gain more access to electrical products market in countries within the Middle East and Africa region.

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Topics: Energy and Power, distribution transformer market, recloser market, recloser control market

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