Eaton takes aim at $500 billion data-center backlog with its latest, biggest buyout this year
1. Eaton acquires Boyd Thermal for $9.5 billion to enhance data center offerings. 2. Data center construction backlog surged to $470 billion, benefiting Eaton's growth. 3. Eaton's data center business grew 50% in Q2; orders up 55%. 4. CEO emphasizes strong market opportunities in data centers and utilities. 5. Eaton anticipated to report continued sales declines despite acquisitions.