Royal Power Solutions

Royal Power Solutions is a company that manufactures components in the field of electrical connections. The company's solutions are used in industrial equipment, electric vehicles and energy management systems. Royal Power Solutions employs about 450 employees by early January 2022, production is located in Carol Stream (Illinois, USA) and Queretaro (Mexico), and the sales office and development center are located in Canton (Michigan, USA).

History

2022: Eaton Corporation bought Royal Power Solutions for $600 million

In early January 2022, Eaton Corporation bought Royal Power Solutions. The transaction is estimated at $600 million. It is expected that this acquisition will allow Eaton Corporation to increase the efficiency of the company's entire business in the field of energy management, industry and mobility, the press release said.

Eaton Corporation acquired Royal Power Solutions for $600 million

Heath Monsmith, chief operating officer of the industrial sector at Eaton Corporation, said:

Growth opportunities associated with the electrification of our economy are accelerating, and Eaton is actively involved through our mobility and electrical departments. The merger with Royal Power Solutions enhances our ability to leverage this long-term growth trend in our e-mobility, aerospace and electrical business. We are pleased to welcome Royal Power Solutions to the Eaton team.

The acquisition of Eaton Corporation by Royal Power Solutions came a year after the purchase of power protection solutions manufacturer Tripp Lite for $1.65 billion.

Eaton already ranked second in the energy sector, but with the acquisition of Tripp Lite, our share almost doubled, "said Curtis Ganji, former Eaton vice president of data center sales in the United States, in an interview with CRN.[1]

Notes