Eaton enters joint venture in Abu Dhabi
Eaton Corporation has entered into a joint venture in the United Arab Emirates. The joint venture will operate through SEG Middle East Power Solutions & Switchboard Manufacture LLC, a manufacturer of low voltage switchboards and control panel assemblies for use in the Middle East power generation and industrial markets. Terms of the deal were not disclosed.
SEG is based in Abu Dhabi, United Arab Emirates and had sales of $10 million in the fiscal year ended 31 December 2008.
“This joint venture provides Eaton with an established operation that has built a successful business supplying switchboard and control solutions in the Middle East,” said Frank Campbell, president – Europe, Middle East and Africa region for Eaton’s Electrical Sector. “This provides Eaton with a local manufacturing presence and positions us for continued success in this high growth region.”
Eaton had 2008 sales of $15.4 billion, employs 75,000 peole and sells products to customers in more than 150 countries. In the UK it owns the MEM brands.
Electrical and Mechanical Contractor