Eaton clinches purchase of the Moeller Group

The company is a leading supplier of components for commercial and residential building applications and industrial controls for industrial equipment applications.

Moeller sells products primarily to customers in western and eastern Europe and the Asia Pacific region.

The Moeller Group, based in Bonn, Germany, had sales of 1bn (£803.7m) for the year ended 31 December 2007.

Moeller has 15 global production facilities, sales offices in more than 90 countries and approximately 8700 employees.

“This acquisition, coupled with our acquisition of Phoenixtec Power Company, solidifies Eaton’s position as a leading global supplier of electrical power distribution and control products and power quality equipment and systems,” said Alexander M Cutler, Eaton chairman and chief executive officer.

“Now that these acquisitions have closed, our electrical business will have annual revenues in excess of $7.5bn [£3.8bn].”

Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13bn (£6.6bn). The firm has 79 000 employees and sells products to customers in more than 150 countries.