Eaton (ETN) 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. Eaton will pay $1.65 billion for the acquisition.

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Eaton (ETN) 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. Eaton will pay $1.65 billion for the acquisition.

RTTNews | Jan 29, 2021 07:24AM EST

07:24 Friday, January 29, 2021 (RTTNews.com) - Eaton (ETN) 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. Eaton will pay $1.65 billion for the acquisition.

"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.

Read the original article on RTTNews ( https://www.rttnews.com/3164956/eaton-to-acquire-tripp-lite-quick-facts.aspx)

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