Eaton buying German hydraulic connector firm

Cleveland, OH—Eaton Corp. has agreed with GKN plc, a London-based automotive and aerospace supplier, to purchase GKN's Walterscheid Rohrverbindungstechnik GmbH (Lohmar, Germany) for $48 million.


Cleveland, OH— Eaton Corp. has agreed with GKN plc, a London-based automotive and aerospace supplier, to purchase GKN's Walterscheid Rohrverbindungstechnik GmbH (Lohmar, Germany) for $48 million. The acquisition is expected to close in 2004's third quarter following regulatory approval.

Walterscheid manufactures hydraulic tube connectors and fittings, primarily for the European market, and had sales of $52 million in 2003. Its products are used in mobile and stationary markets, such as construction, agricultural equipment and machine tools.

'Walterscheid's metric tube connectors and fittings expand our European product range and sales channels while also strengthening our position as a systems provider,' said Craig Arnold, senior VP and group executive for Eaton's Fluid Power business.

A diversified industrial manufacturer with 2003 sales of $8.1 billion, Eaton provides fluid power systems and services for industrial, mobile and aircraft equipment; electrical systems and components for power quality, distribution and control; automotive engine air management systems and powertrain controls for fuel economy; and intelligent drivetrain systems for fuel economy and safety in trucks. Eaton has 54,000 employees and sells products to customers in more than 100 countries.

Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me