Eaton has acquired a significant stake in Chinese power distribution firm Jiangsu Ryan Electrical.
The US power management company this week announced it has completed the acquisition of a 49 percent stake in Jiangsu Ryan Electrical Co. Ltd., a manufacturer of power distribution and sub-transmission transformers in China.
Terms of the deal were not disclosed.
Founded in 2007 and based in Nantong, Jiangsu, Jiangsu Ryan is focused on dry-type transformers; Eaton said Ryan’s products are widely used and recognized by customers in renewable energy, data center, utility, and industrial markets.
“The powerful combination of Ryan’s high-quality products and Eaton’s global distribution will enable us to better serve customers in Asia Pacific and around the world,” said Howard Liu, president of Asia-Pacific Region, Electrical Sector, Eaton. “Together, we’ll be well-positioned to provide the solutions for the transition to more renewable energy and electrical content in a variety of applications.”
Jiangsu generated $100 million in revenue last year; its product line includes switchgear, dry and oil-based transformers, and distribution cabinets.
Dry-type transformers - also known as cast resin-type transformers - are solid and don’t have any rotating parts, and use ventilation to cool the transformer coils. Oil-filled or oil-immersed transformers use oil to keep the transformer cool.
Last year Eaton acquired electrical and power component company Royal Power Solutions for $600 million.
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