Best article competition 2018
Power Transformer Magazine Advertising
  • Home
  • News
  • Magazine
  • Events
  • Careers
  • About us
Login   Subscribe
  English   Chinese Simplified
Thursday, 06 December 2018 10:16

Eaton in talks to buy Turkish transformer manufacturer

  • Print
  • Email
Eaton in talks to buy Turkish transformer manufacturer

Turkey, Istanbul: U.S. power management company Eaton Corporation is negotiating a takeover of Turkey’s Ulusoy Elektrik for around $300 million, Reuters cites two sources.

Ulusoy Elektrik is a manufacturer of electrical equipment used in power distribution systems including distribution transformers, compact transformer stations, switchgears and overhead line equipment.

The transaction would see Eaton acquire more than 80 percent of the Turkish manufacturer from members of the founding family, and launch a tender offer to minority shareholders for the remaining stake, reports Reuters.

Source: Reuters

Additional Info

  • Continent: Europe
  • Category: Business
Tweet
More in this category: « Chinese company to expand solar park in Jujuy, Argentina Power transformer market to expand at 8.64% CAGR by 2023 »
back to top

Most popular

Distribution transformer market expected to grow 8.7% CAGR
Transformer explosion causes mass outage in Tennessee
Global solid-state transformer market to reach USD 495 million by 2024
Avista and Hydro One terminate $5.3 billion merger
Commonwealth Utilities Corporation to install underground power distribution system
  • Power Transformer Magazine Advertising
    Get newsletter

    TRANSFORMERS

    The Company

    • About us
    • Contact us
    • SiteMap

    The Magazine

    • Current Issue
    • Subscribe
    • Advertise
    • Publish with us
    • Flat rate design

    Main Menu

    • News
    • Magazine
    • Events
    • Careers
    • Forum
    • Archives

    Legal Notices and Policies

    • Terms & conditions
    • Impressum
    • Privacy policy
    • Cookies policy

    Copyright © 2013-2018
    All Rights Reserved MERIT MEDIA INT.

    Transformers Magazine on Facebook Transformers Magazine on Linkedin Transformers Magazine on Twitter Transformers Magazine on Google+

    • Forgot Login?
    • Sign up