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Eaton Agrees to Acquire German Filtration Systems Provider E. Begerow GmbH & Co KG

Dépèche transmise le 30 juin 2011 par Business Wire

Eaton Agrees to Acquire German Filtration Systems Provider E. Begerow GmbH & Co KG

CLEVELAND--(BUSINESS WIRE)--Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has agreed to acquire E. Begerow GmbH & Co KG, a leading system provider for advanced liquid filtration solutions. The company develops and produces technologically innovative filter media and filtration systems for food and beverage, chemical, pharmaceutical and industrial applications. The deal is subject to customary closing conditions. Terms were not disclosed.

“The acquisition of Begerow will enhance our presence in the liquid filtration market and strengthen our current filtration offerings by adding advanced filtration technologies to our portfolio.”

“We are excited about this opportunity to continue to grow our liquid filtration business with the acquisition of a strong company like Begerow,” said William R. VanArsdale, president of Eaton’s Hydraulics Group. “The acquisition of Begerow will enhance our presence in the liquid filtration market and strengthen our current filtration offerings by adding advanced filtration technologies to our portfolio.”

E. Begerow GmbH & Co KG is headquartered in Langenlonsheim, Germany, employs approximately 270 people worldwide and had 2010 sales of more than $84 million.

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.