You are here : Eaton Agrees To Purchase Kirloskar’s Engine Valve Business In India
02-May,2008Eaton has agreed to purchase the engine valve components division of Kirloskar Oil Engines Ltd., located in Ahmednagar and Nashik, cities in the western state of Maharashtra, India. The deal is expected to close in the third quarter.
Kirloskar’s manufacturing facilities in India provide Eaton with first-class valve facilities and expansion opportunities. Through this acquisition, we will be able to use our global resources to meet the needs of the domestic Indian market. "The acquisition of engine valves business of Kirloskar Oil Engines marks the entry of our automotive business into the Indian market. With this acquisition, we will have the manufacturing presence of all four of our business groups in India. We believe KOEL's valve business is great strategic fit and we are looking forward to welcoming the Kirloskar Valve team into the Eaton family," said Shyam Kambeyanda, Managing Director, Eaton Corporation, India.
Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; hydraulics, fuel and pneumatic systems for commercial and military aircraft; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 79,000 employees and sells products to customers in more than 150 countries.
Kirloskar’s manufacturing facilities in India provide Eaton with first-class valve facilities and expansion opportunities. Through this acquisition, we will be able to use our global resources to meet the needs of the domestic Indian market. "The acquisition of engine valves business of Kirloskar Oil Engines marks the entry of our automotive business into the Indian market. With this acquisition, we will have the manufacturing presence of all four of our business groups in India. We believe KOEL's valve business is great strategic fit and we are looking forward to welcoming the Kirloskar Valve team into the Eaton family," said Shyam Kambeyanda, Managing Director, Eaton Corporation, India.
Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; hydraulics, fuel and pneumatic systems for commercial and military aircraft; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 79,000 employees and sells products to customers in more than 150 countries.
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