Power management company Eaton (ETN) agreed to acquire Cobham Mission Systems or "CMS", a manufacturer of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets, for $2.83 billion. The deal includes $130 million in tax benefits.

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RTTNews | Feb 1, 2021 07:08AM EST

07:07 Monday, February 1, 2021 (RTTNews.com) - Power management company Eaton (ETN) agreed to acquire Cobham Mission Systems or "CMS", a manufacturer of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets, for $2.83 billion. The deal includes $130 million in tax benefits.

The acquisition is expected to close in the second half of 2021.

Eaton's 2019 revenues were $21.4 billion, and it sells products to customers in more than 175 countries. We have approximately 92,000 employees.

Read the original article on RTTNews ( https://www.rttnews.com/3165394/eaton-to-buy-cobham-mission-systems-in-2-83-bln-deal.aspx)

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