Eaton signs agreement to acquire Ultra PCS Limited to strengthen position in fast-growing aerospace markets

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  Posted by Two Blokes Jun 16 - Filed in Stock - 5 views
  
  DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Ultra PCS Limited from the Cobham Ultra Group. Ultra PCS's innovative solutions for safety and mission critical aerospace systems will augment Eaton's portfolio in both military and civilian aircraft. We expect Ultra PCS's strong growth position on high-margin business to be accretive to Eaton. Under the terms of the agreement, Eaton will pay $1.55 billion for Ult.