Diversified industrial manufacturer Eaton Corp. (ETN: Quote) announced it 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.
Headquartered in Taby, Stockholm County, Sweden, Gycom's low-voltage power distribution, control and automation business had 2011 sales of approximately $24 million.
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