The acquisition will expand Eaton's European power distribution capabilities and manufacturing footprint, enhancing its ability to support growing customer demand across data center and utility markets.

"COL Group brings complementary technologies, manufacturing capabilities and engineering expertise that will further strengthen Eaton's European power distribution platform," said Omar Zaire, president, EMEA Region, Corporate and Electrical Sector, Eaton. "The acquisition will enhance our ability to support utility and data center customers' increasing need for resilient, sustainable power infrastructure and integrated grid-to-chip power solutions."

Under the terms of the agreement, Eaton will acquire COL Group for an enterprise value of €810 million. COL Group has forecasted sales of €250 million for 2027.

COL Group is an industrial group with over a century of experience specializing in the development of electrical power distribution solutions. The company has approximately 400 employees and facilities in Turin, Milan, Bergamo, and Catania, Italy.

The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first quarter of 2027.

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 and institutional, 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.