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Eaton To Acquire Souriau-Sunbank Connection Technologies - Quick Facts

Eaton Corporation plc (ETN) has committed to acquire the Souriau-Sunbank Connection Technologies business of TransDigm Group. The deal is valued at $920 million. Eaton expects the acquisition to be accretive to adjusted earnings per share in 2020.

Headquartered in Versailles, France, Souriau-Sunbank is a provider of highly engineered electrical interconnect solutions for harsh environments for customers in the aerospace, defense, industrial, energy, and transport industries. It has a workforce of approximately 3,200 people. For the trailing 12-month period, sales were $363 million, for the business.

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