Eaton Corp., a power management company, and Cooper Industries, a supplier of electrical equipment, have announced that Eaton has completed its $13 billion acquisition of Cooper. The acquisition was announced in May and combines the two parties into a new power management company named Eaton Corp. PLC.
"Cooper adds proven capabilities in utility power distribution, smart grid, lighting, lighting controls, wiring devices and safety solutions to Eaton's strengths in power quality, power distribution and energy services," says Eaton Chairman and CEO Alexander Cutler, adding that he expects the entire integration process to take between 24 and 36 months, depending on business conditions.
