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Business/Financial

Safran Completes Acquisition Of Two Eaton Aerospace Units

By Cal Biesecker

Friday, May 9th, 2014

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Safran Completes Acquisition Of Two Eaton Aerospace Units

Pilot controls are one of the capabilities Eaton is selling to Safran. Photo: Eaton.

Eaton Corp. [ETN] on Friday said it has completed the sale of its Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses to France’s Safran Group in a deal that allows Eaton’s Aerospace division to focus on its core capabilities while enabling Safran to further expand the electrical power activities within its new Labinal Power Systems business. Safran paid $270 million for the Eaton business. The Eaton power distribution business had $102 million in sales last year and has…

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