Eaton acquires electrical business in colombia

Cleveland--(business wire)--diversified industrial manufacturer eaton corporation (nyse:etn) today announced it has acquired the assets of c.i. esi de colombia s.a. (esi). terms of the deal were not disclosed. based in bogota, colombia, esi is a value added reseller of industrial electrical equipment and engineering services in the colombian market focused on oil and gas, mining and industrial and commercial construction. the company had sales of approximately $8 million in 2010. “esi is an established organization with strong relationships with electrical oems and distributors in colombia,” said rich stinson, eaton’s president, power distribution, electrical sector for the americas region. “this acquisition will help grow eaton’s presence in colombia and serve as a platform for future growth in the region.” eaton corporation is a diversified power management company with 2010 sales of $13.7 billion. celebrating its 100th anniversary in 2011, eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. eaton has approximately 70,000 employees and sells products to customers in more than 150 countries. for more information, visit www.eaton.com.
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