ETN · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

Eaton Corp plc · 2026-11-03 · Importance 71 · Surprise 60 · Matches filing data

Eaton agreed on September 25, 2026, to acquire COL Group, an Italian provider of medium-voltage electrical distribution solutions, for €810 million ($921 million). The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2027. COL Group’s facilities are in Turin, Milan, Bergamo, and Catania, and its business will be reported in Electrical Global. Eaton also plans to separate its Mobility business and combine it with Dana in a Reverse Morris Trust transaction expected to close in the first four months of 2027, subject to regulatory and other approvals; Eaton shareholders are expected to own 50.1% of the combined company, and Eaton subsidiaries are expected to receive a cash distribution of approximately $1.1 billion before closing.

Key facts

• On September 25, 2026, Eaton agreed to acquire COL Group for €810 million ($921 million); the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2027. source
• Eaton invested $75 million in SPAN on January 15, 2026, for an approximately 7% stake. source
• Eaton acquired Ultra PCS Limited on January 23, 2026; it produces electronic controls, sensing, stores ejection and data processing solutions and is reported in Aerospace. source
• Eaton acquired Boyd Thermal on March 12, 2026; Boyd Thermal is a U.S.-based global leader in thermal components, systems, and ruggedized solutions and is reported in Electrical Global. source
• COL Group has approximately 400 employees and facilities in Turin, Milan, Bergamo, and Catania, Italy. source

Impact estimates