Eaton acquires Electrum Group
Cleveland, OH—Eaton Corp. has acquired the Electrum Group Ltd., a New Jersey-based provider of power management services and web-based software for telecommunications, data center and government applications.
Cleveland, OH— Eaton Corp. has acquired the Electrum Group Ltd., a New Jersey-based provider of power management services and web-based software for telecommunications, data center and government applications. Electrum had revenues of about $3.5 million in 2003. Terms of the acquisition were not disclosed.
'This acquisition expands our solutions capabilities in the areas of asset management and sys-tems services for a variety of applications,' says Randy Carson, senior VP and group executive of Eaton's electrical business. 'Electrum gives our global electrical services and systems organiza-tion the foundation to deliver differentiated asset management services to industries that depend on ac and dc power.'
Electrum delivers custom solutions via Electrum-OnLine, which is a suite of web-based, client-friendly, customizable applications that serve as a centralized database for all site survey, asset management, preventative maintenance, alarming, remote monitoring, project management and power engineering information and data. Electrum is based in Woodbridge, NJ, and has a service center in Eldersburg, MD. All of Electrum’s employees will become part of Eaton's global services organization.
Eaton is a global leader in electrical control, power distribution, and industrial automation products and services. pport, Eaton provides customer-driven solutions under several brand names, including Cutler-Hammer, Durant, Heinemann, Holec and MEM. Eaton serves customers in the industrial, utility, commercial, residential, and OEM markets.
Control Engineering Daily News Desk
Jim Montague, news editor