Power management company Eaton has agreed to acquire Fibrebond, a US-based company that designs and builds modular power enclosures for data centres, industry, utilities and communications.
Eaton will pay $1.4bn to acquire Fibrebond, which will generate an estimated adjusted EBITDA [earnings before interest, taxation, deprecation and amortisation] of $110m in 2025.
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Fibrebond, located in Minden in the US state of Louisiana, manufactures innovative and reliable structures designed to safeguard people and vital equipment for the data centre, fibre, industrial and utility sectors.
The company anticipates revenues of $378m for the 12 months ending 28 February 2025.
The transaction will be finalised in the third quarter of 2025.
Eaton anticipates that the deal will have a neutral impact on earnings per share in 2025.
Eaton Americas region electrical sector president Mike Yelton stated: “Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data centre market.
“Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enable customers to get up and running in less time and at a lower cost.
“This full-service offering allows us to better serve our customers amid accelerating demand.”
Eaton, established in 1911, serves clients in 160 countries. The company had revenue of $25bn in 2024.
