13 Facts About Eaton Corporation

Eaton Corporation plc is an American-Irish multinational power management company with 2021 sales of $19.

Eaton Corporation officers believed the quickest way to grow the business was through acquisitions and began buying companies in the automotive industry.

In 1937, Eaton Corporation became international by opening a manufacturing plant in Canada.

Eaton Corporation Electrical purchased the Westinghouse Distribution and Controls Business Unit in 1994 which was one of Eaton Corporation's largest acquisitions.

Eaton Corporation spun off its semiconductor manufacturing equipment business as Axcelis Technologies in 2000.

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On 21 May 2012, Eaton Corporation announced that they had agreed to purchase Ireland-based Cooper Industries in a cash-and-stock deal valued at about $11.

Eaton Corporation plc completed its acquisition of Cooper Industries on 30 Nov 2012.

In that year, Eaton Corporation moved into a 28-story Cleveland office tower which was renamed for it.

Eaton Corporation relocated to its new 580,000 square foot facility, named Eaton Corporation Center, in Beachwood, Ohio in early 2013.

Back when Eaton Corporation Corp was struggling with bankruptcy, various employees on long term benefits suddenly found themselves terminated.

Eaton Corporation had failed to insure the plan that the employees had nonetheless paid for.

In 2004, Eaton Corporation Corp sued Triumph Group for trade secrets theft, but when it was discovered that the company's lawyers were paying former Hinds County District Attorney Ed Peters to improperly influence then-Hinds County Circuit Judge Bobby DeLaughter, the defendants countersued.

In 2014, Eaton Corporation Corp paid $135M to Triumph Group and $13M to six former employees to settle the long-running legal dispute.