Moeller Group acquired by Eaton
Cleveland, OH -- Eaton Corporation has completed the purchase of The Moeller Group. The Moeller Group, based in Bon...
Cleveland, OH — Eaton Corporation has completed the purchase of The Moeller Group. The Moeller Group, based in Bonn, Germany, is a supplier of controls for industrial equipment applications. Moeller sells products primarily to customers in Western and Eastern Europe and the Asia Pacific region. The Moeller Group has 15 global production facilities, sales offices in more than 90 countries and approximately 8,700 employees.
“This acquisition, coupled with our acquisition of Phoenixtec Power Company Ltd., solidifies Eaton’s position as a leading global supplier of electrical power distribution and control products and power quality equipment and systems,” said Alexander M. Cutler, Eaton chairman and chief executive officer.
“Now that these acquisitions have closed, our electrical business will have annual revenues in excess of $7.5 billion. In addition, Eaton’s non-United States revenues, based on final destination of our products, will be between 55 to 60 per cent.
“Additionally,” Cutler continued, “The Moeller Group’s broad portfolio of power distribution and control products that meet International Electrotechnical Commission (IEC) standards, its European and Asian distribution networks, and its significant Eastern European production facilities significantly expand our capabilities in electrical markets outside the United States.”