Eaton Expands Power Quality Business with Tripp Lite Acquisition

CEW 5 CS Eaton 400

Feb 3, 2021

Eaton 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. Founded nearly 100 years ago, the company is headquartered in Chicago, Illinois. Under the terms of the agreement, Eaton will pay $1.65 billion for Tripp Lite, which represents approximately 12 times Tripp Lite’s 2020 EBITDA and 11 times estimated 2021 EBITDA.

“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. “We look forward to welcoming Tripp Lite to the Eaton family.”

The acquisition, which is subject to customary closing conditions, is expected to close mid-2021.

Source

Related Articles

Latest Articles

  • Shore-Side Electricity and Data Monitoring Take Hold in the Cruise Industry

    Shore-Side Electricity and Data Monitoring Take Hold in the Cruise Industry

    April 15, 2024 On July 7, 2023, the United Nations International Maritime Organization (IMO) and its participating maritime countries set their Greenhouse Gas (GHG) emissions strategy to achieve net zero “by or around” 2050. As a result, the shipping industry, including cruise lines, is adopting various strategies to achieve this ambitious goal, including new fuels,… Read More…

  • Project Spotlight: Sainte-Thérèse High School Lighting Upgrade

    Project Spotlight: Sainte-Thérèse High School Lighting Upgrade

    Built in 1980, the building that houses Sainte-Thérèse high school, in Quebec Canada, was looking a little worse for the wear. Renovation work began with two major projects: introducing a multidisciplinary sports centre, as well as redesigning the parking lots.  The employee and visitor parking lots were completely reconfigured during phase 1 of the renovation… Read More…

  • Guide to the Canadian Electrical Code, Part 1[i], 26th Edition – A Road Map: Section 10 – Grounding and Bonding

    Guide to the Canadian Electrical Code, Part 1[i], 26th Edition – A Road Map: Section 10 – Grounding and Bonding

    April 8, 2024 By William (Bill) Burr[i] The Code is a comprehensive document. Sometimes, it can seem daunting to quickly find the information you need.  This series of articles provides a guide to help users find their way through this critical document. This is not intended to replace the notes in Appendix B, or the… Read More…

  • Investment in the Residential Sector Declines in January 2024

    Investment in the Residential Sector Declines in January 2024

    April 8, 2024 Investment in building construction declined 0.9% to $19.7 billion in January. The residential sector declined 1.4% to $13.6 billion, while investment in the non-residential sector edged up 0.2% to $6.1 billion. On a constant dollar basis (2017=100), investment in building construction fell 0.9% to $12.1 billion in January. Investment in the residential sector declines Investment in residential building construction declined… Read More…

Changing Scene