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Eaton Acquires MGE

PITTSBURGH -- Diversified industrial manufacturer Eaton Corporation has expanded its global Power Quality business by acquiring Schneider Electrics small systems business of MGE, becoming the world’s second largest supplier of power protection solutions.

Eaton completed its acquisition of the small systems business of MGE, known as MGE Office Protection Systems, on Nov. 1 for €425 million ($612 million at current exchange rates).

“This transaction is exciting news for Eaton and MGE Office Protection Systems customers,” said Tom Gross, vice president and president, Power Quality and Control Operations of Eaton’s Electrical Group. “This acquisition enhances our position in the power quality business by increasing scale and geographic scope in key areas including Europe. We will build on MGE Office Protection Systems’ impressive track record of relationships in distribution channels and increase our global manufacturing capabilities in Asia.”

Eaton Corp.