ETN · 8-K · 20260731PR000027

Acquisition / Partnership / Divestiture

Eaton Corp plc · 2026-07-31 · Importance 71 · Surprise 60 · In source text

Eaton acquired Boyd Thermal on March 12, 2026, for $9.55 billion, adding thermal components and ruggedized solutions for data center, aerospace and other markets to Electrical Global. Eaton acquired Ultra PCS on January 23, 2026, for $1.53 billion, adding aerospace electronic controls, sensing, stores ejection and data-processing solutions. Eaton invested $75 million in SPAN on January 15, 2026, for an approximately 7% stake in smart-panel and power-controls technology. Eaton agreed to combine Mobility with Dana through a Reverse Morris Trust transaction expected to close in the first quarter of 2027, with Eaton expected to receive approximately $1.1 billion in cash and shareholders expected to own at least 50.1% of the combined company.

Key facts

• On March 12, 2026 Eaton acquired Boyd Thermal for $9.55 billion, net of cash acquired. source
• Eaton announced an agreement to separate its Mobility business through a Reverse Morris Trust transaction expected to close in the first quarter of 2027. source
• Following the Transaction, Eaton shareholders are expected to own at least 50.1% of the combined company's outstanding shares. source
• On January 15, 2026 Eaton invested $75 million in SPAN for a stake of approximately 7 percent. source
• The RMT transaction is intended to be tax-free for U.S. federal income tax purposes to Eaton and Eaton’s shareholders. source
• As of June 30, 2026, the fair value of the contingent future payments for Resilient was $32 million. source
• Boyd Thermal employs more than 6,000 people with manufacturing sites across North America, Asia, and Europe. source
• On April 1, 2025 Eaton acquired Fibrebond Corporation for $1.43 billion, net of cash acquired. source

Impact estimates