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Eaton signs agreement to acquire Resilient Power Systems Inc.

1. Eaton acquires Resilient Power Systems for innovative energy solutions. 2. The acquisition targets medium voltage solid-state transformers for EV market. 3. Eaton aims to expand its market and improve power distribution efficiency. 4. Transaction expected to close in third quarter of 2025. 5. Eaton's annual revenue projected at nearly $25 billion for 2024.

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FAQ

Why Bullish?

Eaton's acquisition strengthens its position in growing electric vehicle and energy markets.

How important is it?

The acquisition expands Eaton's capabilities, directly affecting growth potential and market share.

Why Long Term?

The acquisition positions Eaton favorably for future growth in EV charging stations and data centers.

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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 www.eaton.com. Follow us on LinkedIn.

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