Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. Ltd.

Eaton Acquires 50% Stake in Jiangsu YiNeng Electric's Busway Business

June 25, 2021

Manufacturing

Eaton completed the acquisition of a 50% stake in Jiangsu YiNeng Electric’s busway business, a China-based manufacturer of busway products that reported $60 million in sales in 2020. The joint arrangement expands Eaton’s power distribution and power quality portfolio in the Asia‑Pacific region to better serve data center, commercial building and industrial customers.

Eaton Acquires 50% Stake in Jiangsu Huineng Electric's Circuit Breaker Business

July 5, 2022

Manufacturing

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.

Eaton Acquires Resilient Power Systems

August 6, 2025

Energy

Eaton has completed the acquisition of Resilient Power Systems Inc., an Austin-based developer and manufacturer of solid-state transformer technology and ultra-compact EV charging depots. Eaton said the deal will help scale Resilient's next-generation medium-voltage solid-state transformer technology for markets including data centers, energy storage and EV charging.

Eaton Acquires Royal Power Solutions from Industrial Growth Partners

January 5, 2022

Manufacturing

Eaton has acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components, from Industrial Growth Partners for $600 million. The acquisition strengthens Eaton's position in electrification end markets (e.g., eMobility, energy management and industrial markets) and adds manufacturing capacity and product capabilities.

Eaton Acquires Tripp Lite for $1.65 Billion

January 29, 2021

Electrical Services

Eaton has signed an agreement to acquire Tripp Lite, a Chicago-based supplier of power quality products and connectivity solutions, for $1.65 billion. The purchase expands Eaton's edge computing and single-phase UPS product portfolio and is expected to close mid-2021.

Morgan Stanley Acquires Eaton Vance

October 8, 2020

Financial Services

Morgan Stanley has entered into a definitive agreement to acquire Eaton Vance for an equity value of approximately $7 billion, creating a larger Morgan Stanley Investment Management platform with expanded product and distribution capabilities. The deal combines Eaton Vance’s asset management and retail distribution strengths with Morgan Stanley’s global scale to increase fee-based revenues, deliver cost synergies, and broaden client offerings.