Eaton Agrees to Acquire German Filtration Systems Provider E. Begerow GmbH & Co KG
June 30 2011 - 5:01PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
today announced it has agreed to acquire E. Begerow GmbH & Co
KG, a leading system provider for advanced liquid filtration
solutions. The company develops and produces technologically
innovative filter media and filtration systems for food and
beverage, chemical, pharmaceutical and industrial applications. The
deal is subject to customary closing conditions. Terms were not
disclosed.
“We are excited about this opportunity to continue to grow
our liquid filtration business with the acquisition of a
strong company like Begerow,” said William R. VanArsdale,
president of Eaton’s Hydraulics Group. “The acquisition of Begerow
will enhance our presence in the liquid filtration market and
strengthen our current filtration offerings by adding advanced
filtration technologies to our portfolio.”
E. Begerow GmbH & Co KG is headquartered in Langenlonsheim,
Germany, employs approximately 270 people worldwide and had 2010
sales of more than $84 million.
Eaton Corporation is a diversified power management company with
2010 sales of $13.7 billion. Celebrating its 100th anniversary in
2011, 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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