BERLIN (dpa-AFX) - Power management company Eaton Corporation (ETN) announced Thursday that it agreed to acquire German filtration system maker E. Begerow GmbH & Co KG. Terms of the deal were not disclosed.
William VanArsdale, president of Eaton's Hydraulics Group, said,' The acquisition of Begerow will enhance our presence in the liquid filtration market and strengthen our current filtration offerings by adding advanced filtration technologies to our portfolio.'
E. Begerow GmbH & Co KG is headquartered in Langenlonsheim, Germany, employs approximately 270 people worldwide and had 2010 sales of more than $84 million. The company develops and produces technologically innovative filter media and filtration systems for food and beverage, chemical, pharmaceutical and industrial applications.
The deal is subject to customary closing conditions.
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