Eaton agrees to acquire COL Group for €810 million

Eaton ($ETN) signed an agreement to acquire COL Group from Oaktree’s Power Opportunities business at an enterprise value of €810 million. The Italian manufacturer supplies medium-voltage switchgear, grid-automation systems and modular power solutions, including equipment designed without sulfur hexafluoride. Its products serve utilities and other customers expanding or modernizing electrical infrastructure.

COL Group employs approximately 400 people and expects around €250 million of sales in 2027. Eaton intends to use the acquisition to expand manufacturing capacity and strengthen its position in Europe, the Middle East and Africa, including the data-center market. Completion is expected in the first quarter of 2027, subject to customary conditions. The enterprise value is the agreed transaction valuation, not the target’s annual revenue.

Sources:

• Eaton — COL Group acquisition agreement, Business Wire release