Eaton, a power management company involved in vehicles, mining, and utilities, amongst many others, has acquired Royal Power Solutions, a manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial, and mobility markets.
In the $600-million deal to acquire the US manufacturer, Eaton has positioned itself to better capitalize on electrification trends across multiple high-growth markets.
Royal Power Solutions has about 450 employees and manufacturing facilities in Carol Stream, Illinois, and Queretaro, Mexico, along with a sales and engineering office in Canton, Michigan.
Power management company Eaton has around 85,000 employees, doing business in over 175 countries. Its energy-efficient products and services help customers effectively manage electrical, hydraulic and mechanical power more reliably, efficiently, safely and sustainably.