Full Description

Eaton Corporation (Eaton), incorporated in 1916, is a diversified power management company. The Company is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. In July 2009, the Company announced that Eaton's Automotive and Truck Groups are being consolidated into one operating unit. The combined organization will be known as the Vehicle Group. On February 26, 2008, the Company completed the acquisition of the Phoenixtec Power Company Limited. On March 31, 2008, the Company completed the acquisition of Balmen Electronic, S.L. On April 4, 2008, the Company completed the acquisition of The Moeller Group. On July 31, 2008, the Company completed the acquisition of the PK Electronics. On July 31, 2008, the Company completed the acquisition of the engine valves business of Kirloskar Oil Engines Limited. On October 2, 2008, the Company acquired Integ Holding Limited. In September 2009, the Company acquired an additional 50% of the outstanding shares of Micro Innovation Holding AG from Eaton`s joint venture partner. This increases Eaton's ownership of the company from 50% to 100%.

Electrical

The electrical segment is engaged in electrical control, power distribution, uninterruptible power supply (UPS) systems and industrial automation products and services. Products include circuit breakers, switchgear, UPS systems, power distribution units, panelboards, loadcenters, motor controls, meters, sensors and relays. The markets for the electrical segment are industrial, institutional, government, utility, commercial, residential, information technology (IT), mission critical and original equipment manufacturer customers. These products are used wherever there is a demand for electrical power in commercial buildings, data centers, residences, apartment and office buildings, hospitals and factories. These customers are concentrated in North America, Europe and Asia Pacific; however, sales are made globally. Sales in the electrical segment are made directly and indirectly, through distributors, resellers, and manufacturers representatives to these customers.

Hydraulics

The hydraulics segment is engaged in the hydraulic components and systems for use in mobile and industrial markets. Eaton offers a range of power products, including pumps, motors and hydraulic power units; a broad range of controls and sensing products, including valves, cylinders and electronic controls; a range of fluid conveyance products, including industrial and hydraulic hose, fittings, and assemblies, thermoplastic hose and tubing, couplings, connectors, and assembly equipment; filtration systems solutions; heavy-duty drum and disc brakes; and golf grips. The market segments for Hydraulics include oil and gas, renewable energy, marine, agriculture, construction, mining, forestry, utility, material handling, truck and bus, machine tool, molding, primary metals, power generation, and entertainment. The manufacturers in these markets and other customers are located globally, and these products are sold and serviced through a variety of channels.

Aerospace

The aerospace segment is a supplier to the commercial and military aviation and aerospace industries. Products include hydraulic power generation systems for aerospace applications, including pumps, motors, hydraulic power units, hose and fittings, electro-hydraulic pumps and power and load management systems; controls and sensing products, including valves, cylinders, electronic controls, electromechanical actuators, sensors, displays and panels, aircraft flap and slat systems and nose wheel steering systems; fluid conveyance products, including hose, thermoplastic tubing, fittings, adapters, couplings, sealing and ducting; and fuel systems, including fuel pumps, sensors, valves, adapters and regulators. The principal markets for the aerospace segment are manufacturers of commercial and military aircraft and related after-market customers. These manufacturers and other customers operate globally, and these products are sold and serviced through a variety of channels.

Truck

The truck segment is engaged in the designing, manufacturing and marketing of a complete line of powertrain systems and components for commercial vehicles. Products include transmissions, clutches and hybrid electric power systems. The principal markets for the Truck segment are original equipment manufacturers and after-market customers of heavy-, medium- and light-duty trucks and passenger cars.

Automotive

The automotive segment is engaged in the supplying of critical components that reduce emissions and fuel consumption and improve stability and performance of cars, light trucks and commercial vehicles. Products include superchargers, engine valves and valve actuation systems, cylinder heads, locking and limited slip differentials, transmission controls, engine controls, fuel vapor components, compressor control clutches for mobile refrigeration, fluid connectors and hoses for air conditioning and power steering, decorative spoilers, underhood plastic components, fluid conveyance products including, hose, thermoplastic tubing, fittings, adapters, couplings and sealing products to the global automotive industry. The principal markets for the automotive segment are original equipment manufacturers and aftermarket customers of light-duty trucks and passenger cars. These manufacturers and other customers are located globally, and most sales of these products are made directly to these customers.