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.