Eaton to acquire Fibrebond Corporation for $1.4B

Eaton (ETN) announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility and communications customers. Under the terms of the agreement, Eaton will pay $1.4B for the acquisition of Fibrebond, which is expected to generate $110M of estimated 2025 adjusted EBITDA. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2025. Eaton expects the deal will be neutral from an earnings per share standpoint in 2025.