About Eaton Corporation plc (ETN)

Company Description:

Eaton Corporation plc is a multinational power management company providing solutions that help its customers effectively manage electrical, hydraulic, and mechanical power more efficiently, safely, and sustainably. The company operates through various segments, including Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility.

Eaton was founded in 1911 by Joseph Oriel Eaton II, Viggo Torbensen, and others in the United States and later moved its headquarters to Dublin, Ireland. The company's rich history is marked by strategic growth and innovation-driven acquisitions.

Main Product(s):

Eaton's key products include electrical components and systems for power quality, distribution and control; hydraulics components, systems, and services for industrial and mobile equipment; aerospace fuel, hydraulics, and pneumatic systems for commercial and military use; and vehicle drivetrain and powertrain systems for performance, fuel economy, and safety.

Short History of Eaton Corporation plc:

• 1911 – Founded by Joseph Oriel Eaton II, Viggo Torbensen, and others.
• 1960s – Expanded into the auto industry.
• 1999 – Acquired Aeroquip-Vickers.
• 2012 – Completed its largest acquisition, Cooper Industries.
• 2020 – Announced a spin-off of its lighting business.