ETN

Eaton To Acquire Tripp Lite - Quick Facts

(RTTNews) - Eaton (ETN) has signed an agreement to acquire Tripp Lite, a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas. Eaton will pay $1.65 billion for the acquisition.

"The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business," said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton.

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