Eaton acquires 50% stake in China’s HuanYu High Tech
Power management company Eaton announced it has completed the acquisition of a 50 percent stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures and markets low-voltage circuit breakers and contactors in China, and throughout the Asia-Pacific region.
“Our partnership with HuanYu Group represents an exciting opportunity for both companies,” said Howard Liu, president, Asia-Pacific Region, Electrical Sector and Corporate China, Eaton. “HuanYu High Tech’s strong product portfolio and manufacturing capabilities, combined with Eaton’s global scale and access to the broader Southeast Asian market, will enable us to grow our low-voltage electrical components business in Asia.”
HuanYu Group is one of the leading Chinese electrical equipment manufacturers. Founded in 1989 and headquartered in Wenzhou, China, its products are widely used across a variety of industries including, commercial and residential buildings, power grid, new energy, communication technology, transportation, and industrial manufacturing.