Eaton Agrees to Acquire ACTOM’s Low-Voltage Electrical Business in South Africa

Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today it has reached agreement to acquire ACTOM (Pty) Ltd.’s low-voltage electrical business in South Africa. Terms of the deal, which are subject to regulatory approvals and other customary closing conditions, were not disclosed.

ACTOM’s low-voltage business is a leading South African manufacturer and supplier of motor control components, engineered electrical distribution systems and uninterruptible power supply systems. Headquartered in Johannesburg, ACTOM’s low-voltage business had sales of $58 million during the last twelve months. The business has 480 employees and two manufacturing facilities in South Africa.

“The acquisition of ACTOM’s low-voltage business establishes a direct presence for Eaton in the attractive South African market and serves as a platform for growth in the region,” said Frank Campbell, president of Eaton’s Europe, Middle East and Africa Region for the Electrical Sector. “The combination of Eaton’s business with ACTOM’s low-voltage business will offer a broader set of power distribution and power quality solutions that enable our customers to more effectively grow and compete in their markets.”

ACTOM (Pty) Ltd. is a leading manufacturer and distributor of electrical equipment in South Africa, employing approximately 6,000 people and having an annual order intake in excess of 5 billion rand. For more information, visit www.actom.com.za.

Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and 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 70,000 employees and sells products to customers in more than 150 countries.

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