Sale to Eaton Corporation

Industrial
Sale to Eaton Corporation

Summary

Baird served as the exclusive financial advisor to Internormen Technology Group

About

Internormen Technology Group (“Internormen” or the “Company”) recently completed its sale to Eaton Corporation (“Eaton”) (NYSE: ETN). Terms of the transaction were not disclosed.

Founded in 1972 and privately-owned, Internormen is a leading manufacturer and supplier of hydraulic and lubrication filtration products, systems and related technology. Headquartered in Altlussheim, Germany, the Company offers a full range of filtration products and systems used in mobile and industrial hydraulics applications, as well as lubrication systems for rotating equipment. Internormen primarily serves the construction machinery, power generation, agricultural equipment, metal forming and machine tool markets and sells to most major wind power OEMs. The Company has sales and distribution subsidiaries in Asia, India, Brazil and the United States and sells into more than 80 countries.

Eaton is a diversified power management company with 2010 sales of $13.7 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries.

For additional information about this transaction, please contact:

Steve Guy 414-765-7247
Joachm Beickler +49 (0) 691 301 4951
Sven Harmsen +49 (0) 691 301 4956
Industrial
Sale to Eaton Corporation
Date
May 2011
Company
Internormen Technology Group
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
North America

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