Eaton Acquires Ultronics Limited and its Advanced Electro-Hydraulic Valve System Technology.Business Editors CLEVELAND--(BUSINESS WIRE)--Jan. 7, 2004 Diversified industrial manufacturer Eaton Corporation This article is about an industrial manufacturer. For other meanings see Eaton. Eaton Corporation (NYSE: ETN) is a diversified industrial manufacturer with 2006 sales of $12.4 billion, putting it at 198 on the Fortune 500 for 2007. (NYSE NYSE See: New York Stock Exchange :ETN ETN Eaton Corporation (stock symbol) ETN Exchange Traded Note (investing) ETN European Travel Network ETN Electronic Tandem Network ETN Educational Telephone Network ) today announced it has reached agreement to purchase Ultronics Limited and its advanced electro-hydraulic valve system technology. Terms were not disclosed. The Cheltenham, UK-based company's sophisticated electro-hydraulic control valves Control valves are valves used within industrial plants and elsewhere to control operating conditions such as temperature, pressure, flow, and liquid level by fully or partially opening or closing in response to signals received from controllers that compare a "setpoint" to a , systems and software technology are utilized in mobile applications in construction, forestry, agriculture and other markets. "This technology is an important strategic addition to our hydraulics product portfolio within Eaton," said Craig Arnold, senior vice president and group executive for its Fluid Power business. "We will be able to maximize the potential of Ultronics' expertise and innovative technology through our global presence, capabilities and reputation in the hydraulics industry." The purchase includes Ultronics' Cheltenham design center and a sales and applications office in Sweden. "We are delighted to conclude this sale to Eaton," said Steve Turner Steve Turner may refer to someone: In professional sports:
Eaton is a global diversified industrial manufacturer with 2002 sales of $7.2 billion that is a leader in fluid power systems; electrical power quality, distribution and control; automotive engine Automotive engine The component of the motor vehicle that converts the chemical energy in fuel into mechanical energy for power. The automotive engine also drives the generator and various accessories, such as the air-conditioning compressor and power-steering air management and fuel economy; and intelligent systems for fuel economy and safety in trucks. Eaton has 51,000 employees and sells products in more than 50 countries. For more information, visit www.eaton.com. The Ultronics Group's other principal activity is the design, development and supply of thin-film pressure sensor A pressure sensor measures the pressure, typically of gases or fluids. Pressure is an expression of the force required to stop a gas or fluid from expanding, and is usually stated in terms of force per unit area. A pressure sensor generates a signal related to the pressure imposed. technologies through its Senstronics business. The Group, based in Cheltenham (Gloucestershire) and Newton Aycliffe (Co. Durham) employs 70 people and supplies advanced sensing solutions to customers globally. |
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