Eaton acquires EV component maker

Eaton has acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicles. The US$600-million deal allows Eaton to expand its electric vehicle offerings. “Growth opportunities tied to the electrification of our economy are accelerating, and Eaton is fully participating through our mobility and electrical businesses,” said Heath Monesmith, president […]

Source: Truck News

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