Eaton, an intelligent power management company, has signed an agreement to acquire COL Group, a manufacturer of medium-voltage electrical distribution equipment. The deal would expand Eaton’s manufacturing capacity and capabilities to serve rapidly growing data center and utility markets in Europe, the Middle East and Africa (EMEA).
COL Group makes technologies used to modernize electrical grids, including SF₆-free switchgear, grid automation solutions and modular power systems. The acquisition would strengthen Eaton’s ability to support the energy transition and rising power demand driven by electrification and digitalization.
The deal reflects a broader trend of major utility-sector suppliers investing in advanced infrastructure to support more resilient and flexible grids.