Eaton Corp. recently announced an agreement to purchase the electrical division of Delta plc for $205 million. The transaction is expected to close in early 2003, after the regulatory review and the approval of Delta’s shareholders.
Delta’s electrical division has 3,400 employees and is headquartered in the United Kingdom. Delta’s major electrical brands include MEM, Holec, Bill, Home Automation, Elek, and Tabula. The Delta business will be integrated into Eaton’s Industrial and Commercial Controls segment