Eaton shares acquired Phoenixtec expansion in China and Asian markets

Diversified global industrial products manufacturer Eaton Corporation (NYSE: ETN) announced April 9 in Shenzhen, the U.S. Eaton Corporation has completed the listed companies in Taiwan Stock Exchange Corporation Phoenixtec acquisition. Eaton to five hundred eighty-six million U.S. dollars of the total purchase price has more than ninety percent of Phoenixtec shares of the outstanding shares.

Eaton James W. McGill, president, Asia Pacific (James W. McGill) held in Shenzhen todays media conference, said the acquisition reflects Eatons global electrical business successful expansion, especially rapid development in China and DS1267S-010 datasheet and Asian markets. Phoenixtec for Eaton power quality in China, business equipment and DS1267S-010 price and systems provide important production and DS1267S-010 suppliers and R & D base. Eaton will be the best customers and suppliers to win the market, last years sales amounted to thirteen billion U.S. dollars, is expected to turnover for the year will exceed sixteen billion U.S. dollars.

Phoenixtec manufactures single phase and three phase uninterruptible power supply (UPS), the products are sold worldwide. In UPS markets, particularly China, Southeast Asia and Eastern Europe, a leading market position. The new technology, new products and production capacity in the global industry is known. Phoenixtec Co., Ltd. is headquartered in Taipei, Taiwan, in Shenzhen and has manufacturing facilities in Taiwan, and employs approximately five thousand eight hundred people.

It is understood that the United States Fortune Five hundred Eaton Corporation is a diversified industrial manufacturer. Eaton Electric in the power control, power distribution, emergency power systems and industrial automation products and services, is a global leader.