Eaton announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures, for $1.4 billion. This acquisition is expected to expand Eaton's reach into the multi-tenant data center market, as well as serve industrial, utility, and communications customers.
Fibrebond is estimated to generate $110 million of adjusted EBITDA in 2025. The transaction is expected to be neutral from an earnings per share standpoint in 2025. This strategic move aims to position Eaton as a comprehensive provider for rapidly deploying power infrastructure.
The acquisition is anticipated to close in the third quarter of 2025, subject to customary closing conditions. Fibrebond's power enclosures allow for off-site equipment installation and testing, which helps customers become operational more quickly and at a lower cost.
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