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Eaton Completes the Sale of its Lighting Business

March 2, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Mar 2, 2020--

Power management company Eaton (NYSE:ETN) today announced it has completed the sale of its Lighting business to Signify N.V.

The Lighting business, which had sales of $1.7 billion in 2019, is one of the world’s leading providers of LED lighting and control solutions.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 97,000 employees.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200302005547/en/

CONTACT: Margaret Hagan, 440-523-4343

MargaretHagan@eaton.com 

KEYWORD: NORTH AMERICA UNITED STATES IRELAND UNITED KINGDOM EUROPE OHIO

INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING AEROSPACE MANUFACTURING CONSTRUCTION & PROPERTY INTERIOR DESIGN BUILDING SYSTEMS OTHER ENERGY UTILITIES ENERGY ENGINEERING OTHER CONSTRUCTION & PROPERTY

SOURCE: Eaton

Copyright Business Wire 2020.

PUB: 03/02/2020 08:37 AM/DISC: 03/02/2020 08:37 AM

http://www.businesswire.com/news/home/20200302005547/en