February 8, 2021 – Eaton reports it has signed an agreement to acquire Tripp Lite, a supplier of power quality products and connectivity solutions.

Those solutions include single-phase UPS systems, rack power distribution units, surge protectors, and enclosures for data centres, industrial, medical, and communications markets.

“The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio, and expand our single-phase UPS business,” said Uday Yadav, president & COO, Electrical Sector, Eaton. “We look forward to welcoming Tripp Lite to the Eaton family.”

Under the terms of the agreement, Eaton will pay $1.65 billion for Tripp Lite. The deal is expected to close mid-2021.