Eaton has agreed to acquire COL GROUP, the company said in a LinkedIn post. The amount was not disclosed in the sources.
According to the post, Eaton signed an agreement to acquire COL GROUP to add complementary technologies, manufacturing capabilities and engineering expertise to its power distribution platform.
Eaton said the move is intended to expand its ability to support utility and data center customers across Europe, citing growing demand for resilient, sustainable power infrastructure. The post did not specify a closing date, financing arrangements or any other terms.