Eaton set to acquire ACTOM’s Low-Voltage Electrical Business in South Africa
By Alyssa Dalton
Industrial manufacturer Eaton Corporation has announced it will acquire Actom(Pty) Ltd.’s low-voltage electrical business in South Africa. Terms of the deal have not yet been disclosed.
“The acquisition of Actom’s low-voltage business establishes a direct presence for Eaton in the attractive South African market and serves as a platform for growth in the region,” said Frank Campbell, president of Eaton’s Europe, Middle East and Africa Region for the Electrical Sector.
“The combination of Eaton’s business with ACTOM’s low-voltage business will offer a broader set of power distribution and power quality solutions that enable our customers to more effectively grow and compete in their markets,” he added.
Headquartered in Johannesburg, ACTOM’s low-voltage business had sales of $58 million during the last 12 months. The business has 480 employees and two manufacturing facilities in South Africa.