Eaton Corp. is expanding its aerospace and interconnect presence, as it announced last week that it has committed to acquire the Souriau-Sunbank Connection Technologies business of TransDigm Group Inc. for $920 million.
Headquartered in Versailles, France, Souriau-Sunbank manufactures highly engineered electrical interconnect solutions for harsh environments for customers in the aerospace, defense, industrial, energy, and transport industries. Founded over 100 years ago, the company has a workforce of approximately 3,200 people and manufacturing facilities in France, the Dominican Republic, India, Morocco, Mexico, and the United States.
“Souriau-Sunbank is a great fit with our current aerospace portfolio,” said Craig Arnold, Eaton chairman and chief executive officer. “Souriau-Sunbank’s extensive connectors capabilities will accelerate our participation in the growing market for electrical content on aircraft, and also give us a strong portfolio of connectors for the industrial, energy, and transport markets that we serve today.
“Adding Souriau-Sunbank is another example of our strategy to bring our broad electrical expertise into new markets, such as our recently created eMobility segment targeting electric vehicles,” Arnold added.
Eaton
www.eaton.com
Leave a Reply