Eaton Acquires 50% Stake in Jiangsu Huineng Electric's Circuit Breaker Business
July 5, 2022
Eaton has completed the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd., creating a strategic partnership to combine Huineng’s low-voltage circuit breaker products with Eaton’s global distribution and capabilities. The deal positions Eaton to better serve high-growth end markets in China — including renewable energy, grid modernization, commercial buildings and industrial customers — while leveraging Huineng’s manufacturing base in Zhenjiang, Jiangsu.
- Buyers
- Eaton
- Targets
- Jiangsu Huineng Electric Co., Ltd. (circuit breaker business)
- Sellers
- Jiangsu Huineng Electric Co., Ltd.
- Industry
- Manufacturing
- Location
- Jiangsu, China
- Transaction Type
- Divestiture
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