Eaton Corporation announced plans for two electrical acquisitions, one in Europe and one in Asia Pacific. The European acquisition is of The Moeller Group, a supplier of components for commercial and residential building applications, and industrial controls for industrial equipment applications. The agreed purchase price is 1.55 billion Euro (US $2.23 billion). Based in Bonn, Germany, The Moeller Group has estimated sales of 1.02 billion Euro (US $1.47 billion) and EBITDA of 170 million Euro (US $245 million) for the 12 months ending December 31, 2007. The company has 15 global production facilities, sales offices in more than 90 countries, and approximately 8,700 employees.

Eaton also announced a tender offer today for all the shares of Phoenixtec Power Company, a company listed on the Taiwan Stock Exchange, which will be launched on December 21. Phoenixtec manufactures single- and three-phase uninterruptible power supply (UPS) systems. The net purchase price would be US $565 million. The estimated 2007 sales of Phoenixtec Power are NT $16.1 billion (US $495 million) and the estimated 2007 EBITDA is NT $1.7 billion (US $52 million). Based in Taipei, Taiwan, the company has manufacturing facilities in China and Taiwan, and employs approximately 5,800 people.