Eaton Strengthens Data Center Strategy With $1.4 Billion Fibrebond Acquisition – Benzinga
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Eaton Corporation ETN, a global intelligent power management company, has agreed to acquire Fibrebond Corporation for $1.4 billion.
Based in Louisiana, Fibrebond specializes in modular power enclosures for data centers and industrial markets and is projected to generate approximately $378 million in revenue in the 12 months ended Feb. 28.
The acquisition is expected to contribute $110 million in adjusted EBITDA in 2025 and be earnings-per-share-neutral for Eaton that year. The deal is anticipated to close in the third quarter of 2025, pending customary closing conditions.
Also Read: Eaton Slips On Q4 Revenue Miss, Eyes Growth In 2025
Mike Yelton, president of Eaton’s Americas Region, Electrical Sector, highlighted Fibrebond’s strong engineering expertise and customer-centric approach, particularly in the multi-tenant data center space. “Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enables customers to get up-and-running in less time and at a lower cost,” he said. “This full-service offering allows us to better serve our customers amid accelerating demand.”
Recently, Eaton’s board of directors declared a quarterly dividend of $1.04 per share, up 11% from the previous quarter. The dividend will be paid on March 28, to shareholders of record as of March 10.
Price Action: At the last check Tuesday, ETN shares were trading higher by 0.86% at $280 premarket.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Eaton Corporation ETN, a global intelligent power management company, has agreed to acquire Fibrebond Corporation for $1.4 billion.
Based in Louisiana, Fibrebond specializes in modular power enclosures for data centers and industrial markets and is projected to generate approximately $378 million in revenue in the 12 months ended Feb. 28.
The acquisition is expected to contribute $110 million in adjusted EBITDA in 2025 and be earnings-per-share-neutral for Eaton that year. The deal is anticipated to close in the third quarter of 2025, pending customary closing conditions.
Also Read: Eaton Slips On Q4 Revenue Miss, Eyes Growth In 2025
Mike Yelton, president of Eaton’s Americas Region, Electrical Sector, highlighted Fibrebond’s strong engineering expertise and customer-centric approach, particularly in the multi-tenant data center space. “Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enables customers to get up-and-running in less time and at a lower cost,” he said. “This full-service offering allows us to better serve our customers amid accelerating demand.”
Recently, Eaton’s board of directors declared a quarterly dividend of $1.04 per share, up 11% from the previous quarter. The dividend will be paid on March 28, to shareholders of record as of March 10.
Price Action: At the last check Tuesday, ETN shares were trading higher by 0.86% at $280 premarket.
Image by Shutterstock
Benzinga Rankings give you vital metrics on any stock – anytime.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
