Eaton plans to parlay acquisition of Swedish electrical manufacturer into increased presence in Nordic region

Eaton Corp., Cleveland, has acquired Gycom's electrical low-voltage power distribution, control and automation components business in Sweden, Denmark and Finland. The transaction will enable Eaton to serve Gycom's customers with Eaton's full range of power distribution products and services. Terms of the deal were not disclosed.

Frank Campbell, Eaton president, Europe, Middle East and Africa Region for the Electrical Sector, said in a press release, “Gycom has established strong relationships with key customers in the region. This acquisition is an effective way to expand our presence in the Nordic region.”

Headquartered in Taby, Stockholm County, Sweden, Gycom's low-voltage power distribution, control and automation business had 2011 sales of approximately $24 million.

Details