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Eaton buys SMCís MV drives technology

18 May, 2007

The US-based Eaton Corporation has bought SMC Electrical Productsí medium-voltage variable frequency drive technology and related assets. The terms for the deal have not been disclosed.

"This acquisition complements Eatonís already strong position as a manufacturer of MV motor control products," says Randy Carson, a senior Eaton vice-president, and president of its electrical group. "By incorporating this product into our power distribution and control assemblies portfolio, we will be able to provide our customers with a comprehensive solution to address their motor starting needs."

Last year, Eaton Corporationís sales amounted to $12.4bn. The corporation has 61,000 employees and sells products to customers in more than 125 countries.