Cutler-Hammer buys Aeroquip-Vickers
Eaton Corp. (Cleveland, O.) recently announced its acquisition of Aeroquip-Vickers (Maumee, O.) for $58/share, or $1.7 billion. The union creates "unparalleled systems capability across all hydraulics applications," says Stephen Hardis, Eaton's chairman and ceo. Aeroquip-Vickers' sales were $2.
Eaton Corp. (Cleveland, O.) recently announced its acquisition of Aeroquip-Vickers (Maumee, O.) for $58/share, or $1.7 billion. The union creates “unparalleled systems capability across all hydraulics applications,” says Stephen Hardis, Eaton’s chairman and ceo. Aeroquip-Vickers’ sales were $2.15 billion in 1998; Eaton’s were $6.6 billion.
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