Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today it has sold its VORAD� (Vehicle On-Board Radar) system to Bendix Commercial Vehicle Systems LLC, which is based in Elyria, Ohio. Terms of the transaction were not disclosed. In connection with the transaction, Eaton�s Roadranger Marketing organization has entered into an agreement with Bendix to continue to market and support the VORAD system in the North American marketplace. The VORAD system is a radar-based collision warning system used by commercial vehicle original equipment manufacturers, major trucking fleets and specialty vehicle manufacturers. Eaton Corporation is a diversified power management company with 2007 sales of $13 billion. Eaton is a global technology leader in electrical systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 80,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.
Eaton (NYSE:ETN)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Eaton Charts.
Eaton (NYSE:ETN)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Eaton Charts.