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Power management company Eaton recently announced it has signed an agreement to acquire Tripp Lite, a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas.
Founded nearly 100 years ago, the company is headquartered in Chicago, Illinois. Under the terms of the agreement, Eaton will pay $1.65 billion for Tripp Lite, which represents approximately 12 times Tripp Lite’s 2020 EBITDA and 11 times estimated 2021 EBITDA.
Two years ago, the Electrical Group within JMP Solutions’ Automation & Robotics Division in London, ON was looking for ways to reduce design hours and improve accuracy on their custom automation projects.
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Brock Solutions and IT Partner Are Bringing Airport and Seaport Expertise Together
Brock Solutions is now an official Business Partner of IT Partner Group, who provides software solutions for the logistics industry; specialized for ports, terminals, agencies, freight forwarders and stevedoring companies.
Dan Vandevenne, Brock Solutions’ Transportation & Logistics Business Unit Manager, remarked “Brock Solutions sees the need for automation and digitalization in airports, airlines, and distribution centers every day. With over 30 years of experience modernizing and automating processes, Brock Solutions is thrilled to share our experience and leverage IT Partner’s expertise to improve operations within the maritime logistics industry.”
Littelfuse Acquires Hartland Controls - Acquisition Expands Industrial Product Portfolio and End Market Leadership
Littelfuse, Inc. recently announced it has acquired Hartland Controls. Headquartered in Rock Falls, Illinois, Hartland Controls is a manufacturer and leading supplier of electrical components used primarily in heating, ventilation, air conditioning, and refrigeration (HVAC/R) and other industrial and control systems applications. For 2020, Hartland Controls had sales of approximately $70 million.
"Hartland Controls is a premier provider of control products and assemblies, with an outstanding reputation for quality, engineering, and customer service," said Peter Kim, Vice President and General Manager, Littelfuse Industrial Business.
Are You Ready to Increase Your Skills and Drive Your Company's Success?
EPLAN offers a variety of training courses to help you further your knowledge and make you a better EPLAN user. Whether you are new to EPLAN or a seasoned user looking for advanced training, EPLAN will have the right training to help you become more efficient than ever before.
EPLAN Electric P8 - Basic Training Online
Over the course of this training program, you will learn how to design in accordance with NFPA standards, learn and apply various design methods, create complex schematic documentation, how to automatically create manufacturing and build documents and the preparation of design data and further processing in third-party systems.
Phoenix Contact Welcomes Udayan Pandya as the Head of Automation Business Area, Industrial Management and Automation (IMA) for Canada
Phoenix Contact Ltd. is proud to announce and welcome Udayan Pandya as the Company’s Head of Business Area, Industrial Management and Automation (IMA). Udayan will be responsible for the activities and performance of the IMA business areas in the Canadian market and will lead Phoenix Contact’s vertical market management activities and develop the organizations' presence and effectiveness in select markets.
Udayan brings over 23 years of experience leading and growing the Industrial Automation business in Canada. Previously, Udayan held the position of Director, Industrial Automation Systems with Siemen’s and most recently, as Vice President with AIS Technologies Group.
Eaton Signs Agreement to Acquire Tripp Lite, Expanding Eaton’s Power Quality Business in the Americas
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