Eaton Acquires 50% Stake in Jiangsu Huineng’s Circuit Breaker Business

Dublin-based Eaton announced the signing of an agreement to acquire a 50% stake in Jiangsu Huineng Electric’s circuit breaker business, which produces and markets low-voltage circuit breakers in China and had revenues of $35 million in 2021.

Jiangsu Huineng is a Chinese high-tech electrical equipment maker with an alluring portfolio that consists of breakers for renewable energy applications. Incepted in 2007 and based in Zhenjiang, China, its products are widely used and recognized across key markets including wind and solar and power plants.

Having started in 1911, Eaton is an intelligent power management company committed to enhancing the quality of life and protecting the environment for people.

The company is dedicated to operating sustainably, and helping its customers manage power in the present as well as the future. By capitalizing on the global growth trends of electrification and digitalization, the company intends to accelerate the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges and do what’s best for all of society. 

The company has been listed on the NYSE for nearly a century. The company reported revenues of $19.6 billion in 2021 and serves customers in more than 170 countries

“Huineng’s application-tailored product offerings and manufacturing base in China, combined with Eaton’s expertise and global channels, will enable us to further expand to meet the needs of high-growth market segments such as renewable energy and grid modernization,” said Howard Liu, President, Asia-Pacific Region, Electrical Sector, Eaton. “We are excited for the opportunities this strategic relationship will bring.”