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Eaton Expands Reach into European Data Center Market by Making Strategic Investment in NordicEPOD

BusinessWire_EN 
0 0 31.05.24
Eaton Expands Reach into European Data Center Market by Making Strategic Investment in NordicEPOD: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24410/Eaton_Color_logo.png
 

Intelligent power management company Eaton (NYSE:ETN) today announced it has completed a significant strategic investment in NordicEPOD AS, formerly a wholly-owned subsidiary of CTS Nordics, which designs and assembles standardized power modules for data centers in the Nordic region.

“We’re excited about this strategic relationship with CTS Nordics, a high-growth company with a strong reputation in the Nordics data centers market,” said Tim Darkes, president, Europe, Middle East and Africa Region, Corporate and Electrical Sector. “This strategic investment in NordicEPOD positions Eaton for growth by enabling us to supply critical power products and services to more clients and at the higher, pre-engineered system level. Power modules are increasingly the preferred approach for many data center customers in Europe.”

CTS Nordics is a dedicated data center design and build company that specializes in new building design and construction methods. They provide data center operators in the Nordic region a standardized and rapidly deployable, cost-effective approach for the design, construction and commissioning of data centers.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240531679365/en/

Eaton Corp. Stock

€274.20
1.480%
There is an upward development for Eaton Corp. compared to yesterday, with an increase of €4.00 (1.480%).
With 16 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 304 € shows a slightly positive potential of 10.87% compared to the current price of 274.2 € for Eaton Corp..
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