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The substantial acquisition and strong demand for data centers suggest positive future revenue growth. Historically, similar strategic acquisitions have resulted in successful market expansions for Eaton.
What happened, with direct paths to the underlying reporting
Eaton acquires Boyd Thermal for $9.5 billion to enhance data center offerings. Data center construction backlog surged to $470 billion, benefiting Eaton's growth. Eaton's data center business grew 50% in Q2; orders up 55%. CEO emphasizes strong market opportunities in data centers and utilities. Eaton anticipated to report continued sales declines despite acquisitions.
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