Panel Builder System Integrator

February 3, 2021

Power management company Eaton recently announced it has signed an agreement to acquire Tripp Lite, a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas. Founded nearly 100 years ago, the company is headquartered in Chicago, Illinois. Under the terms of the agreement, Eaton will pay $1.65 billion for Tripp Lite, which represents approximately 12 times Tripp Lite’s 2020 EBITDA and 11 times estimated 2021 EBITDA.

“The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business,” said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton. “We look forward to welcoming Tripp Lite to the Eaton family.”

The acquisition, which is subject to customary closing conditions, is expected to close mid-2021.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. They provide sustainable solutions that help their customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and they sell products to customers in more than 175 countries. Eaton have approximately 92,000 employees. For more information, visit Eaton.com.

This news release contains forward-looking statements about the expected closing of the acquisition of Tripp Lite and estimated Tripp Lite 2021 EBITDA. These statements should be used with caution and are subject to various risks and uncertainties, some of which are outside of the company’s control. Factors that could cause these statements to become untrue include possible delay or failure of the satisfaction of all closing conditions. Eaton do not assume any obligation to update these forward-looking statements.

Source

Latest Articles

  • Prev
If you have been following the news and happen to work in a process or manufacturing facility, you ...
The Industrial Internet of Things (IIoT) makes it possible for manufacturers to measure and analyze ...
Pilz are introducing the B2C sales process to the B2B world. You select the required safety ...
2020 will probably go down in history as being the year of ultimate challenges, but the HVAC ...
The demand for digital solutions in industry is continuously increasing at a high level. What ...
Carlo Gavazzi is a global provider of automation components. With a 90-year history in the industry ...
When you decide to deploy a robotic cell, it’s usually because you’re aiming to solve some issues ...
In the life sciences industry, quality is everything. But batch record review is a ...
In today’s world, the key differentiator that can set your organization apart is simply Competence ...
Behind every electrical engineering project are many individual components and thus a whole ...

Pipeline Hack Raises Questions and Concerns: How Secure is your OT Network? - JMP Solutions

JMP SolutionsHow secure is your industrial network? Do you have shared passwords? While working on OT related networks, can you access the internet and your email?

If you have been following the news and happen to work in a process or manufacturing facility, you are probably thinking about how secure your environment is, and if it is at risk for critical production halting threats.  Whether your company manufactures cars, packages food products, or provides an essential resource or goods to society, an attack could be crippling to not only your business but the population who may very well rely on the goods that you produce. 

Read More

UCEC Identifies What Makes Them a Top Notch Control Panel Builder

PBUS-27-UCEC-TopNotchPanelBuilder-400.jpg

UCEC has existed for more than sixty years by building the best control panels, period. To keep their focus on quality custom panels, they have never defined themselves as a “one-stop shop." To be all things to all people with something as complicated as a control panel should send up a red flag. When panels shops try to do everything (a “one-stop shop”), that’s when things get diluted and messy.

There is so much talent and work that goes into a UCEC panel. UCEC knows their industry thoroughly, and they wish to remain highly relevant in the field. No one gets there by being all things to all people. UCEC shares two examples of this philosophy in action.

PARTNERING WITH EXPERTS TO SERVE CLIENTS BETTER

UCEC's talented craftsmen contribute their years of knowledge of panel building to each project. Conversely, most engineering firms who try to build panels quickly learn there is more to them than meets the eye. As UCEC's President and CEO, Mark Inboden said, “Two specialized companies collaborating to solve a customer’s problem often leads to a better result for the end user.”

UCEC finds that the best results happen for their clients when they partner with other experts and this case study demonstrates exactly that.

Read More


 

Product News

  • Prev
Using B&R automation technology in maritime environments is now easier and more flexible than ...
As the manufacturing industry evolves and changes, there are often space constraints for installing ...
AutomationDirect has added Quabbin 600V control cable to their extensive selection of cable ...
Industrial companies can now implement CIP Security expansively in their systems with the  ...
Electromate Inc., a Canadian Distributor of Precision Robotic & Mechatronic Solutions, has ...
The safety functions of the B&R ACOPOS P3 servo drive are now also available for motors with a ...
For their next meeting with an OEM or system integrator, can panel builders simply grab their ...
The PTV terminal blocks with lateral conductor connection from Phoenix Contact enable clear wiring ...
Flexible manufacturing doesn't have to mean implementing advanced technologies like the Omron LD ...
STAHL safety isolators provide a compact, cost-effective, and easy-to-connect way to provide ...
Kerrwil Publications Great Place to Work. Certified December 2019 - December 2020

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2021 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil