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Eaton Buying Power & Connectivity Supplier Tripp Lite for $1.7B Chicago-based Tripp Lite s key offerings include uninterruptible power supply systems, rack power distribution units, surge protectors and enclosures. Jan 29th, 2021 Eaton DUBLIN, Ireland Power management company Eaton announced Friday that it has signed an agreement to acquire Tripp Lite, a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas. Founded nearly 100 years ago, the company is headquartered in Chicago. Under the terms of the agreement, Eaton will pay $1.65 billion for Tripp Lite, which represents approximately 12 times Tripp Lite’s 2020 EBITDA and 11 times estimated 2021 EBITDA. ....
(2) Power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Tripp Lite, a leading supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas. Founded nearly 100 years ago, the company is headquartered in Chicago, Illinois. Under the terms of the agreement, Eaton will pay $1.65 billion for Tripp Lite, which represents approximately 12 times Tripp Lite s 2020 EBITDA and 11 times estimated 2021 EBITDA. The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business, said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton. We look forward to welcoming Tripp Lite to the Eaton family. ....
Eaton to Acquire Tripp Lite for $1.7 Billion Eaton says the addition of the power and connectivity solutions provider will “enhance the breadth of our edge computing and distributed IT product portfolio.” Author Power management company Eaton (NYSE: ETN), Dublin, Ireland, on Friday announced it has agreed to acquire Tripp Lite, a Chicago-based power and connectivity solutions provider, for $1.7 billion. The acquisition of Tripp Lite, which is nearly 100 years old, is expected to close in mid-2021. Eaton’s purchase price represents approximately 12 times Tripp Lite’s 2020 EBITDA and 11 times estimated 2021 EBITDA. “The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business,” said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton. “We look forward to welcoming Tripp Lite to the Eaton family.” ....
Chicago's Tripp Lite to be bought by Ireland-based Eaton chicagobusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagobusiness.com Daily Mail and Mail on Sunday newspapers.