Eaton (ETN) Signs Deal to Buy Ultra PCS Limited

Eaton Corporation plc (NYSE:ETN) is one of the 11 Best Foreign Stocks to Buy According to Hedge Funds. On June 16, Eaton Corporation plc (NYSE:ETN) announced that it has entered into an agreement to acquire Ultra PCS Limited from the Cobham Ultra Group.

Ultra PCS is known for its innovative safety and mission-critical aerospace solutions. These will enhance Eaton Corporation plc’s (NYSE:ETN) offerings in both military and civilian aircraft.

Eaton Corporation plc (NYSE:ETN) expects that Ultra PCS has a strong growth and high-margin business that will add value to the company’s own operations.

Under the agreement, Eaton Corporation plc (NYSE:ETN) is set to pay $1.55 billion to buy Ultra PCS. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first half of 2026.

This acquisition will help Eaton Corporation plc (NYSE:ETN) to grow in the aerospace market and better serve its customers with tailored, next-generation aerospace solutions.

Eaton Corporation plc (NYSE:ETN) is an intelligent power management company that is headquartered in Dublin, Ireland. The company manufactures a range of products for the data center, utility, industrial, commercial, machine building, residential, aerospace, and mobility markets.

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Disclosure: None. This article is originally published at Insider Monkey.