Eaton acquires Ulusoy Elektrik (2019)
Eaton agreed to buy a controlling interest in Ulusoy Elektrik, a Turkish maker of medium-voltage switchgear. The move expanded Eaton's IEC-standard product line for Europe, the Middle East, and Africa and gave it a manufacturing base close to those markets.
Eaton gained IEC-standard medium-voltage products and a Turkish factory.
The deal set the template for Eaton's European grid expansion; COL Group follows the same logic.
COL Group is the same strategy repeated: buy local manufacturing to serve European grid and data center demand.
