Diversified industrial manufacturer Eaton Corporation have announced it has reached agreement to acquire ACTOM (Pty) Ltd.’s low-voltage electrical business in South Africa. Terms of the deal, which are subject to regulatory approvals and other customary closing conditions, were not disclosed.
p>Diversified industrial manufacturer Eaton Corporation have announced it has reached agreement to acquire ACTOM (Pty) Ltd.’s low-voltage electrical business in South Africa. Terms of the deal, which are subject to regulatory approvals and other customary closing conditions, were not disclosed.
“The acquisition of ACTOM’s low-voltage business establishes a direct presence for Eaton in the attractive South African market and serves as a platform for growth in the region.”
ACTOM’s low-voltage business is a leading South African manufacturer and supplier of motor control components, engineered electrical distribution systems and uninterruptible power supply systems. Headquartered in Johannesburg, ACTOM’s low-voltage business had sales of $58mn during the last twelve months. The business has 480 employees and two manufacturing facilities in South Africa.
“The acquisition of ACTOM’s low-voltage business establishes a direct presence for Eaton in the attractive South African market and serves as a platform for growth in the region,” said Frank Campbell, president of Eaton’s Europe, Middle East and Africa Region for the Electrical Sector. “The combination of Eaton’s business with ACTOM’s low-voltage business will offer a broader set of power distribution and power quality solutions that enable our customers to more effectively grow and compete in their markets.”
