eaton
Eaton Corporation plc is an American-Irish-domiciled multinational power management company, with a primary administrative center in Beachwood, Ohio.
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Shares of Eaton are up more than 20% in the past year, fuelled by strong demand for its power management and regulation equipment. Providers of artificial intelligence software, which are increasing their capital spending to build new datacentres, have driven much of this growth.
Eaton also strengthened its position through the recent acquisition of a company that specializes in liquid-cooling technologies. The deal expands its ability to serve clients.
Eaton now plans to spin off its Vehicle and eMobility businesses, known collectively as the Mobility Group. This division produces electrical power components for automotive and heavy equipment manufacturers.
The split will let Eaton better focus on its faster-growing electrical and aerospace segments.
Moreover, the new Mobility company will gain greater agility to respond to automotive technological changes.
Eaton also strengthened its position through the recent acquisition of a company that specializes in liquid-cooling technologies. The deal expands its ability to serve clients.
Eaton now plans to spin off its Vehicle and eMobility businesses, known collectively as the Mobility Group. This division produces electrical power components for automotive and heavy equipment manufacturers.
The split will let Eaton better focus on its faster-growing electrical and aerospace segments.
Moreover, the new Mobility company will gain greater agility to respond to automotive technological changes.
A: Eaton Corp. plc, $335.98, symbol ETN on New York (Shares outstanding: 388.4 million; Market cap: $129.1 billion; www.eaton.com), is a power management company. Eaton serves many markets: datacentre, utility, industrial, commercial, machine building, residential, aerospace and mobility markets.
Founded in 1911, the company expanded worldwide and now has customers in more than 160 countries. Eaton operates through five segments: Electrical Americas (49% of revenue), Electrical Global (25%), Aerospace (15%), Vehicle (9%), and eMobility (2%).
Founded in 1911, the company expanded worldwide and now has customers in more than 160 countries. Eaton operates through five segments: Electrical Americas (49% of revenue), Electrical Global (25%), Aerospace (15%), Vehicle (9%), and eMobility (2%).
Eaton Corp. plc’s prospects are being spurred by the AI data centre infrastructure boom as it positions itself within the strongest electrification developments.