Eaton Corporation announced it has agreed to acquire all of the shares of Rolec Comercial e Industrial S.A. Headquartered in Santiago, Chile, Rolec is a manufacturer of integrated power assemblies and low- and medium-voltage switchgear, and a provider of engineering services, serving mining and other heavy industrial applications in Chile and Peru. The deal is subject to customary closing conditions. Terms were not disclosed.
“Rolec’s strong customer relationships and long history will help boost Eaton’s business in target growth markets in Chile and Peru, including mining, pulp and paper, and energy infrastructure,” says Rich Stinson, president, Power Distribution for Eaton’s Electrical Americas Region. “We are excited to add Rolec’s capabilities to our expanding operations in South America.”