Eaton buys Powerware for £313m
Eaton has paid £313m for Invensys’ Powerware – a supplier of uninterruptible power systems, DC power products and power quality services.
Eaton’s chairman and chief executive officer, Alexander Cutler, said: “The acquisition of Powerware will provide new products and solutions, along with strong brand recognition and expanded channels, for Eaton’s global electrical business.”
Based in Raleigh, North Carolina, Powerware provides products and services for companies such as computer manufacturers, industrial companies, government, telecommunications firms, medical institutions and data centres. It offers a full line of UPS products (three-phase and single-phase) and DC power systems, power management software, remote monitoring, integration services and site support.
Recommended Reading
EZO secures €150m debt facility for 3,000+ EV charge points
The financing will support more than 100MW of charging capacity across the UK and Ireland over the next three years.
ABB could have a big role to play in Rolls-Royce's SMR deployment
The exploratory MoU comes as site-specific design advances for the first three planned UK units at Wylfa.
National Grid to use flexible demand to manage voltage in 100 LV zones
National Grid DSO is preparing to use flexible electrical demand to help manage voltage constraints on the low-voltage network.