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Eaton’s €810 Million Takeover Could Transform Its European Electrical Footprint!

Eaton Corporation is expanding its European electrical footprint through an agreement to acquire COL Group from Oaktree’s Power Opportunities strategy at an enterprise value of €810 million. Announced on September 25, 2026, the transaction is expected to increase Eaton’s manufacturing capacity and strengthen its power distribution capabilities across Europe, with closing targeted for the first quarter of 2027. COL Group is forecast to generate approximately €250 million in 2027 sales, making the acquisition relatively modest compared with Eaton’s overall revenue base but potentially important to its broader electrical strategy. The timing is notable: Eaton reported record second-quarter revenue of $8.5 billion, 14% organic growth and particularly strong demand across data centers, utilities and other electrical markets. Management has also emphasized building an integrated “grid-to-chip” portfolio capable of addressing increasingly complex power requirements.