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Eaton’s 2020 revenues were $17.9 billion. The company sells products to customers in more than 175 countries and has approximately 94,000 employees.
Founder and Editor, The Tech Capital
June 25, 2021 | 2:21 PM BST
Power management company Eaton (NYSE: ETN) has completed the acquisition of a 50% stake in Jiangsu YiNeng Electric’s busway business, which manufactures and markets busway products in China and had sales of $60 million in 2020.
Howard Liu, president, Asia-Pacific Region, Electrical Sector and Corporate China, Eaton, said: “This strategic agreement with YiNeng marks an exciting milestone for both of our companies.
“The combination of YiNeng’s busway capabilities and strong presence in China with Eaton’s broad power distribution and power quality portfolio enables us to expand packaged solutions that meet the needs of customers in the Asia-Pacific region.”
Jiangsu YiNeng Electric is a Chinese electrical equipment manufacturer. Founded in 2002 and headquartered in Jiangsu, China, the company serves the data centre, infrastructure, commercial building, telecommunications, and industrial segments.
The company’s products are currently in use across several data centres, including China Mobile’s Hainan data centre (which uses 32 units of EMNS high/low voltage box/cabinets from Jiangsu YiNeng Electric), Cloud Trust’s Shunyi District Data Center (5421 metres of ABB bus bar), and China Telecom’s Inner Mongolia Information Park data centres, one of the largest hosting infrastructures in the world with more than one million servers.
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