History of Eaton Power Limited
(i) Eaton entered India in the year 1999 through the global acquisition of Aeroquip Vickers. Today, with 18 locations and seven manufacturing facilities, all of Eaton’s businesses are well represented in India.
Aeroquip-Vickers are two companies, Aeroquip Corporation and Vickers, Incorporated, world leaders in the design, manufacture, and distribution of engineered components and systems to industrial, aerospace, and automotive markets. Headquartered in Maumee, Ohio.
(ii) Eaton has first acquired an engineering center at the Pune campus designed to do high-end engineering work for all of Eaton’s business segments. Since then, Eaton has focused on enhancing its presence in India as a power management company in all business segments and on tapping into the diverse opportunities that India offers, including critical manufacturing and engineering capabilities, product development, service centers, and globally competitive sourcing.
(iii) Growth Timeline
a) April 1999 – With the global acquisition of Aeroquip Vickers, Eaton acquired two manufacturing plants for hydraulic components and systems in Maharashtra.
b) January 2002 – The Mumbai hydraulics plant was merged into the Pune operations. June 2003 – An Eaton India Engineering Center was established in Pune to focus on product development and engineering effort for Eaton’s global markets.
c) June 2004 – As Eaton completed its acquisition of Powerware from Invensys, the New Delhi-based facilities of Powerware were also integrated into Eaton’s India operations.
d) June 2005 – A Global Support Service Center was established in Pune as an India-based customer center, serving hydraulics and aerospace customers in the U.S., Europe, and the Asia Pacific region.
e) January 2006 – The India Information Technology Center was set up to provide information technology security for Eaton users.
f) October 2006 – Eaton’s Truck Component Operations began plans for India operations with the acquisition of industrial land in Ranjangaon, Maharashtra for a new manufacturing facility.
g) August 2008 – Eaton purchased the engine valve components division of Kirloskar Oil Engines Ltd., located in the cities of Ahmednagar and Nashik, in the western state of Maharashtra, India.
h) April 2011 – Eaton announced the opening of an integrated test lab for its vehicle and hydraulics products at Ranjangaon, in the existing truck components plant premises.
i) March 2013 – Eaton inaugurated its Filtration division’s manufacturing facility in India.
j) 2016- Eaton announced the establishment of the India Innovation Center at Magarpatta City in Pune.
The business of Eaton Power
The company does business in the following divisions in India.
i) Electrical Segment
Eaton’s Electrical business in India is geared up to provide power distribution, power quality, and back-up, control and automation, power monitoring and management solutions and services to commercial, residential, utility, alternative energy, IT and data centers, public sector institutions and OEMs.
a) Eaton is a leader in UPS( Uninterrupted Power Supply) systems – powering both small businesses and large facilities like industrial facilities and data centers.
b) In the Power Distribution business, they provide comprehensive solutions helping customers generate, distribute, and consume electrical power safely, reliably, and efficiently. These solutions encompass Low Voltage and Medium Voltage Distribution & Control, Automation Products and Services to help our customers manage electrical power across Utility, Industrial, Renewable Energy, Buildings and Infrastructure markets.
c) In November 2012, Eaton completed the acquisition of electrical equipment supplier Cooper Industries plc. The Copper had two manufacturing locations in Puducherry. It manufactures high voltage fuses, high-speed fuses, low voltage bus fuses, solar fuses, low voltage din type fuses, expulsion links, fuse holders, PV combiner boxes.
ii) Vehicle Segment
a) In 2008, Eaton’s Vehicle Group has acquired manufacturing facility – a Greenfield project – at Ranjangaon near Pune to manufacture and supply medium- and heavy-duty truck transmission and components for the Indian and export markets.
The Ranjangaon plant is spread over spread over 60,000 sq. ft. and houses machining, heat-treating, and assembly operations
b) In the same year, Eaton also acquired the engine valves business of Kirloskar Oil Engines Ltd. and integrated two-valve manufacturing plants at Ahmednagar and Nashik.
The Nashik plant is spread over 12 acres and 4500 sq. m of manufacturing space whereas the Ahmednagar plant is spread over 80,000 sq. ft. of manufacturing area. Both plants specialize in manufacturing engine valves for passenger cars, locomotives, and commercial vehicle markets.
a) In March 2013, Eaton’s Filtration business inaugurated its first manufacturing, assembly, and distribution facility in India. The newly built facility is located at Hinjewadi in Pune.
b) The business offers element and filter assembly services, filter systems assembly, and customized filter element design and manufacturing
a) Eaton is a world leader and premier innovator in providing cutting-edge systems, solutions, and technologies to the global aerospace industry. Eaton designs develop, manufactures and integrates the industry’s most advanced offerings in the areas of cockpit interface, electrical power management, engine solutions, fuel and inerting, hydraulic systems, and motion control.
b) Although Eaton’s Aerospace business does not have a manufacturing facility in India, its product distribution is prolific on a variety of aircraft fleets widely used by Indian operators. The business in India is represented by a Sales and Support office located at Pimpri in Pune.
a) Eaton forayed into India with the global acquisition of Aeroquip Vickers in April 1999.
b) Eaton’s Hydraulics business in India is headquartered at Pimpri, Pune. Eaton India Engineering Center (EIEC) which is at Kharadi, Pune has design capability and responsibility for product development and continuity engineering, with operational support from Eaton business.
c) The key products manufactured at this facility include Gear Pumps, Vane Pumps, Piston Pumps, Valves, Power Units, and Cylinders.
|Total Available Shares:||50|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||50 Shares|
|Current Unlisted Share Price:||₹ 475 Per Equity Share|
|Year||Long-Term Debt||Short-Term Debt||Total Debt||NW||Debt/NW||RONW|
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