Eaton to Acquire Fibrebond in $1.4B Deal, Expanding Data Center Reach
Eaton (NYSE:ETN) has signed an agreement to acquire Fibrebond Corporation, a provider of pre-integrated modular power enclosures, for $1.4 billion. The deal strengthens Eaton's position in the multi-tenant data center, industrial, utility, and communications markets.
The acquisition, expected to close in the third quarter of 2025, will enhance Eaton's ability to deliver engineered-to-order power enclosures, reducing deployment time and costs for customers. Fibrebond anticipates revenues of $378 million for the 12 months ending February 28, 2025, with an estimated $110 million in adjusted EBITDA for 2025.
Based in Minden, Louisiana, Fibrebond specializes in mission-critical enclosures that protect equipment across data center, fiber, industrial, and utility markets.
Eaton, a global power management company with 2024 revenues of nearly $25 billion, expects the acquisition to be neutral to earnings per share in 2025.
Source: eaton.com
