Latest news with #MikeYelton
Yahoo
20-07-2025
- Automotive
- Yahoo
Eaton (ETN) Charges Ahead with Grid Modernization in Resilient Power Deal
Eaton Corporation, PLC (NYSE:ETN) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Eaton Corporation, PLC (NYSE: ETN) announced on Tuesday that it has signed an agreement to acquire Resilient Power Systems Inc., a Texas-based developer of solid-state transformer technology used in high-power direct current (DC) applications. The deal, expected to close in the third quarter of 2025, will strengthen Eaton's footprint in electrification and grid modernization. A technician standing in the middle of a power station, inspecting a power distribution system. Resilient Power is known for its ultra-compact EV charging depots, which connect directly to the existing grid, allowing for faster and more efficient deployment of electric vehicle infrastructure. Backed by venture capital groups including Energy Transition Ventures, the company's solutions are already enabling quicker rollouts for EV fleets and public charging networks. Eaton Corporation, PLC (NYSE:ETN) sees broader potential for Resilient's technology in future applications, including high-density data centers, port electrification, and battery energy storage systems. Mike Yelton, president of Eaton's Americas Region Electrical Sector, said the acquisition would combine Resilient's innovation with Eaton's global scale, unlocking new efficiencies for customers aiming to improve power distribution reliability. The acquisition aligns with Eaton's strategy to accelerate the transition to more efficient, digitized power systems and expand its industrial automation capabilities. The move also highlights growing demand for modular, software-driven power distribution across critical infrastructure sectors. Eaton automates industrial power systems through smart circuit protection, energy distribution, and grid technologies essential to electrification, EV charging, and infrastructure. While we acknowledge the potential of ETN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
16-07-2025
- Automotive
- Yahoo
Eaton's Latest Acquisition To Modernize EV Charging Infrastructure
Eaton Corp. (NYSE:) on Wednesday announced it is strengthening its foothold in the energy transition space by acquiring Resilient Power Systems Inc., a U.S.-based firm known for cutting-edge solid-state transformer technology used in high-power direct current (DC) systems. The deal, expected to close in the third quarter of 2025, will give Eaton access to Resilient's specialized solutions designed to modernize EV charging infrastructure and support power distribution in data centers and battery energy storage systems. Resilient Power Systems, based in Austin, Texas, and backed by venture firms including Energy Transition Ventures, develops ultra-compact EV charging depots that connect directly to utility distribution grids. This enables faster and more cost-effective deployment of EV fleet and public charging stations. Also Read: Mike Yelton, president of Eaton's Americas Region Electrical Sector, said Resilient's solid-state transformer technology has broader potential beyond EVs, particularly in areas like port electrification and next-gen data centers. He emphasized that Eaton's global footprint and service capabilities will help bring the tech to scale while improving power reliability and cost efficiency. The acquisition aligns with Eaton's strategy to capitalize on electrification and digitalization trends. Earlier this year, Eaton expanded its portfolio with the $1.55 billion Ultra PCS deal, further underlining its commitment to building next-generation power solutions. Eaton held cash of $1.77 billion as of March 31, 2025. Related ETFs to watch are iShares Global Clean Energy ETF (NASDAQ:ICLN) and Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV). Price Action: ETN shares were trading higher by 0.31% to $363.23 at last check Wednesday, Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? EATON CORP (ETN): Free Stock Analysis Report This article Eaton's Latest Acquisition To Modernize EV Charging Infrastructure originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Automotive
- Yahoo
Eaton signs agreement to acquire Resilient Power Systems Inc.
Acquisition offers differentiated technology in fast-growing markets with future applications in data centers and energy storage DUBLIN, July 16, 2025--(BUSINESS WIRE)--Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Resilient Power Systems Inc., a leading North American developer and manufacturer of innovative energy solutions, including solid-state transformer-based technology. "Resilient's medium voltage solid-state transformers are a next-generation solution in high-power, direct current (DC) applications in the electric vehicle (EV) market – and there's huge opportunity for future applications in data centers, port electrification and battery energy storage," said Mike Yelton, president, Americas Region, Electrical Sector. "By leveraging Eaton's manufacturing capabilities, field service organization and commercial scale, we're confident we can expand the market for this innovative technology to data center and other customers looking to move faster, minimize costs and improve power distribution efficiency and reliability." Resilient Power Systems Inc., based in Austin, Texas and backed by venture capital firms including Energy Transition Ventures, develops and manufactures innovative energy solutions that rewrite the electric grid. Today, its line of ultra-compact EV charging depots connect directly to the existing distribution grid allowing clients to deploy EV fleet and public charging stations quickly and efficiently. And in the future, Resilient's highly differentiated technology has additional application potential for data centers, enabling customers to increase power density and revenue generation. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2025. Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn. View source version on Contacts Jennifer Tolhurst+1 (440) 523-4006jennifertolhurst@ Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Business Wire
16-07-2025
- Automotive
- Business Wire
Eaton signs agreement to acquire Resilient Power Systems Inc.
DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Resilient Power Systems Inc., a leading North American developer and manufacturer of innovative energy solutions, including solid-state transformer-based technology. 'Resilient's medium voltage solid-state transformers are a next-generation solution in high-power, direct current (DC) applications in the electric vehicle (EV) market – and there's huge opportunity for future applications in data centers, port electrification and battery energy storage,' said Mike Yelton, president, Americas Region, Electrical Sector. 'By leveraging Eaton's manufacturing capabilities, field service organization and commercial scale, we're confident we can expand the market for this innovative technology to data center and other customers looking to move faster, minimize costs and improve power distribution efficiency and reliability.' Resilient Power Systems Inc., based in Austin, Texas and backed by venture capital firms including Energy Transition Ventures, develops and manufactures innovative energy solutions that rewrite the electric grid. Today, its line of ultra-compact EV charging depots connect directly to the existing distribution grid allowing clients to deploy EV fleet and public charging stations quickly and efficiently. And in the future, Resilient's highly differentiated technology has additional application potential for data centers, enabling customers to increase power density and revenue generation. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2025. Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn.
Yahoo
14-03-2025
- Business
- Yahoo
Eaton agrees to acquire Fibrebond for $1.4bn
Power management company Eaton has agreed to acquire Fibrebond, a US-based company that designs and builds modular power enclosures for data centres, industry, utilities and communications. Eaton will pay $1.4bn to acquire Fibrebond, which will generate an estimated adjusted EBITDA [earnings before interest, taxation, deprecation and amortisation] of $110m in 2025. Fibrebond, located in Minden in the US state of Louisiana, manufactures innovative and reliable structures designed to safeguard people and vital equipment for the data centre, fibre, industrial and utility sectors. The company anticipates revenues of $378m for the 12 months ending 28 February 2025. The transaction will be finalised in the third quarter of 2025. Eaton anticipates that the deal will have a neutral impact on earnings per share in 2025. Eaton Americas region electrical sector president Mike Yelton stated: 'Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data centre market. 'Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enable customers to get up and running in less time and at a lower cost. 'This full-service offering allows us to better serve our customers amid accelerating demand.' Eaton, established in 1911, serves clients in 160 countries. The company had revenue of $25bn in 2024. "Eaton agrees to acquire Fibrebond for $1.4bn" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
