The power management giant said the purchase price 'represents approximately 13.6 times' Royal Power's estimated 2022 earnings before interest, taxes, depreciation and amortization, or EBITDA. That would place EBITDA of Royal Power, an Illinois-based maker of electrical connectivity components, at around $44.1 million.
Portfolio addition positions Eaton to capitalize on electrification trends across multiple high-growth markets Power management company Eaton (NYSE:ETN) today announced it has completed the acquisition
Eaton Completes Acquisition of Cobham Mission Systems
Power management company Eaton announced it has completed the acquisition of Cobham Mission Systems. Cobham is a leading manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for defense markets. The business has a workforce of approximately 2,000 people and manufacturing facilities in the United States and United Kingdom.
“We’re excited to welcome the Cobham team to Eaton,” said Heath Monesmith, president and chief operating officer, Industrial Sector, Eaton. “This acquisition, along with our prior acquisition of Souriau-Sunbank, positions our Aerospace business well for the future. These are just two examples of ways we are repositioning Eaton’s portfolio for higher growth, stronger margins and more consistent performance.”
The US Air Force Installation Contracting Center (AFICC) has awarded a $91.8m cost-plus-fixed-fee task order to KBR provide high-end engineering services.
Eaton Completes Acquisition of Cobham Mission Systems
Eaton continues portfolio repositioning for higher growth, stronger margins and more consistent performance
Power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of Cobham Mission Systems. Cobham is a leading manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for defense markets. The business has a workforce of approximately 2,000 people and manufacturing facilities in the United States and United Kingdom. We re excited to welcome the Cobham team to Eaton, said Heath Monesmith, president and chief operating officer, Industrial Sector, Eaton. This acquisition, along with our prior acquisition of Souriau-Sunbank, positions our Aerospace business well for the future. These are just two examples of ways we are repositioning Eaton s portfolio for higher growth, stronger margins and more consistent performance.