Eaton (ETN) is definitely not overvalued! Message Board

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

ETN 383.12

-1.2%

Oct 30 3:59 PM EDT

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From: JakeStraw	9/27/2010 9:06:39 AM
	of 338

Eaton Agrees to Acquire CopperLogic finance.yahoo.com September 27, 2010 CLEVELAND--(BUSINESS WIRE)--Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has agreed to acquire CopperLogic, Inc., a manufacturer of electrical and electromechanical systems. Terms of the deal, which are subject to customary closing conditions, were not disclosed. "We are excited to be combining CopperLogic's go-to-market efforts with Eaton's,” said Jerry R. Whitaker, president—Americas Region, Electrical Sector. "This will help us better support the way machinery original equipment manufacturers and other customers obtain industry-leading Moeller series components in North America. This acquisition positions Eaton as a more complete partner to machinery original equipment manufacturers and will further enhance Eaton’s sales organization and channels focused on the control, components and automation markets. The acquisition of CopperLogic will also bring a portfolio of IEC, CSA and UL assemblies to Eaton.” CopperLogic has facilities in the U.S. and Canada, with headquarters in Houston, Texas and Mississauga, Ontario. The company employs approximately 170 people and had sales of approximately $35 million during the last 12 months.

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