Power management company Eaton announced it has completed the acquisition of a 50% stake in Jiangsu YiNeng Electric’s busway business, which manufactures and markets busway products in China. The unit had sales of USD60 million in 2020.

“This strategic agreement with YiNeng marks an exciting milestone for both of our companies,” said Howard Liu, president, Asia-Pacific Region, Electrical Sector and Corporate China, Eaton. “The combination of YiNeng’s busway capabilities and strong presence in China with Eaton’s broad power distribution and power quality portfolio enables us to expand packaged solutions that meet the needs of customers in the Asia-Pacific region.”

Jiangsu YiNeng Electric is a leading Chinese electrical equipment manufacturer. Founded in 2002 and headquartered in Jiangsu, China, the company serves the data center, infrastructure, commercial building, telecommunications, and industrial segments.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. With 2020 revenues of USD17.9 billion, Eaton provides sustainable solutions to effectively manage electrical, hydraulic, and mechanical power.