logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Boeing said Sunday that it had informed the Federal Aviation Administration and international regulators on multiple occasions about the expanded role of the flight-control software in 737 MAX, which was linked to two fatal crashes that killed 346 people. The U.S. Department of Justice has reached a settlement agreement with a Texas-based Taco Bell franchise owner for immigration-related discrimination against certain employees. The settlement resolves the DOJ's investigation into whether MUY Brands LLC, and a related management company, MUY Consulting Inc., violated the Immigration and Nationality Act. Starbucks is gearing up for the upcoming holiday season by introducing its 2019 holiday flavors in U.S. grocery stores. The launch of the coffee giant's holiday line-up this year includes returning holiday favorites as well as a new item. Customers can now take home products that are making a comeback such as Starbucks Holiday Blend K-Cup and Ground Coffee, Peppermint Mocha Flavored Ground Coffee,
Follow RTT
>