Eaton to acquire Italy's grid equipment maker COL Group for €810

Eaton Corp. will acquire COL Group, an Italian grid equipment maker, for €810 million. The deal aims to expand Eaton's presence in Europe's power grid market.

Eaton (NYSE:ETN) agreed to acquire COL Group for €810 million, expanding its European power distribution capabilities. COL Group, with 2027 sales forecasted at €250 million, specializes in medium-voltage electrical solutions. The deal, expected to close in Q1 2027, will enhance Eaton's data center and utility market offerings.

Eaton (ETN) announced it will acquire Italy's COL Group for EUR810 million, equivalent to $923.1 million, to expand its presence in Europe. The transaction is expected to close in 2027, subject to regulatory approvals.

Eaton Corporation (NYSE:ETN) announced a $242 million investment to expand its U.S. manufacturing capacity, doubling output for electrical enclosures to meet growing demand in data centers, utilities, and industrial sectors. The expansion, funded internally, aligns with long-term growth plans but carries risks related to leverage, margins, and execution timelines.

Apple led The Irish Times' Top 1,000 rankings with €209.3bn revenue and €72bn profit. Microsoft, Meta, and Google followed. Eli Lilly entered the top 10. CRH was the largest indigenous company. Apple and Meta reduced Irish headcounts. Irish corporation taxes surged due to tech profits.

Eaton Corporation (ETN) raised its 2026 organic growth guidance to 12%, citing strong execution, record backlogs, and robust demand. Recent acquisitions and facility expansions are driving revenue and margin growth, with the 2030 revenue target now considered a baseline.