Eaton (ETN) is definitely not overvalued! Message Board

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Technology Stocks : Eaton (ETN) is definitely not overvalued!

ETN 381.60

-0.4%

3:59 PM EDT

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From: JakeStraw	3/14/2011 9:01:52 AM
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Eaton Agrees to Acquire Internormen Technology Group, Adding Additional Capabilities to its Global Filtration Business finance.yahoo.com “Internormen Technology has been a proven leader in advanced filtration technologies for almost 40 years,” said William R. VanArsdale, president of Eaton’s Hydraulics Group, which includes the hydraulic, filtration and golf grip businesses. “This acquisition will significantly expand Eaton’s filtration product portfolio with technically advanced products and systems for mobile, industrial hydraulic and process applications. Internormen has a leadership position in fast growing markets such as wind power and a well-established presence in emerging economies such as Brazil, India and China. Its global footprint strengthens our regional presence in the Americas, Europe and Asia Pacific.” The company, which is based in Altlussheim, Germany, has sales and distribution subsidiaries in India, China, Brazil and the United States. Internormen employs approximately 360 people and had 2010 sales of more than $55 million.

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