Eaton has completed its acquisition of Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial, and mobility markets.
Under the terms of the agreement, Eaton paid $600 million for Royal Power Solutions, which represents about 13.6 times the company’s estimated 2022 EBITDA.
“Growth opportunities tied to the electrification of our economy are accelerating, and Eaton is fully participating through our mobility and electrical businesses,” said Heath Monesmith, president and COO of the industrial sector at Eaton. “And the addition of Royal Power Solutions enhances our ability to capitalize on this secular growth trend across our eMobility, aerospace, and electrical businesses. We are excited to welcome Royal Power Solutions to Eaton.”
Royal Power Solutions has about 450 employees and manufacturing facilities in Carol Stream, Illinois, and Queretaro, Mexico, along with a sales and engineering office in Canton, Michigan.
