Tuesday, January 21, 2014

Safran buys Eaton units

Defense and aeronautics engineering group Safran will buy aerospace businesses from Eaton Corp. for $270 million in cash. Safran will acquire Eaton's Aerospace Power Distribution Management Solutions, which makes key contactor and circuit breakers for jets. It will also acquire Eaton's Cockpit Solutions, manufacturing plane panels and displays in cockpits. The deal is expected to close in the first half of 2014. Safran is 2013 acquired Goodrich Electrical Power Systems. (Source: Wall Street Journal, Reuters, 01/20/14) Gulf Coast note: Safran has an engineering center in Mobile, Ala.; Eaton has a hydraulic systems center in Jackson, Miss. Related