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Eaton acquires Cobham Mission Systems for $2.8bn

02 Jun 2021 (Last Updated June 2nd, 2021 11:53)

The acquisition will enable Eaton to expand its defence business and its offerings in fuel and environmental systems.

Power management firm Eaton has completed the acquisition of air-to-air refuelling systems manufacturer Cobham Mission Systems for $2.8bn.

Cobham has been acquired from the private equity firm Advent International. The acquisition plan was announced earlier this year.

Cobham Mission Systems has more than five decades of experience designing and developing military aircraft countermeasure equipment. It also manufactures environmental systems, and actuation, primarily for defence markets.

It operates with a workforce of approximately 2,000 people and has manufacturing facilities in the US and the UK.

The air-to-air refuelling systems maker is the design authority for the Eurofighter Typhoon’s defensive chaff and flare systems.

Eaton Industrial Sector president and chief operating officer Heath Monesmith said: “We’re excited to welcome the Cobham team to Eaton.

“This acquisition, along with our prior acquisition of Souriau-Sunbank, positions our aerospace business well for the future.

“These are just two examples of ways we are repositioning Eaton’s portfolio for higher growth, stronger margins and more consistent performance.”

Eaton’s 2020 revenues stood at $17.9bn. The company employs approximately 94,000 employees and sells products to customers in more than 175 countries.

In January 2015, Eaton won a contract for the modernisation of the electrical infrastructure of the US Army’s temperature test facility, located at the White Sands Missile Range in New Mexico, US.