Eaton Acquires Babco Electric Group
CLEVELAND... Diversified industrial manufacturer Eaton (NYSE:ETN) today announced it has acquired the assets of
Babco Electric Group. Terms were not disclosed.
Based in Alberta, Canada, Babco Electric Group is a manufacturer of specialty low- and medium-voltage switchgear and
electrical housings for use in the Canadian oil and gas industry and other harsh environments. Babco Electric Group had sales
of $11 million in the fiscal year ended April 30, 2007.
"The acquisition of Babco provides access to established customers in Canada with a strong focus on the oil sands market, as
well as increased engineering and production capabilities," said Randy W. Carson, Eaton senior vice president and
president - Electrical Group.
Steve Boccadoro, V.P., General Manager Eaton's Electrical Group (Canada) added, "This acquisition increases our capabilities
within the Alberta marketplace and demonstrates our commitment to support the growth of our local customers. It also provides
us with additional manufacturing capacity to enhance the level of service for our customers across Canada."
Eaton is a diversified industrial manufacturer with 2006 sales of $12.4 billion. Eaton is a global leader in
electrical systems and components for power quality, distribution and control; fluid power systems and services for
industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive
engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton
has 63,000 employees and sells products to customers in more than 140 countries.