Eaton to acquire Italy's COL Group for €810m

Eaton has signed an agreement to acquire COL Group from Oaktree Private Equity for €810 million ($919.2m), with the deal expected to close in Q1 2027. COL Group makes medium-voltage distribution equipment, including SF₆-free switchgear, grid automation and modular power systems, and forecasts €250 million in 2027 sales.

• Deal valued at €810m ($919.2m), expected to close in Q1 2027
• COL Group forecasts €250m ($283.7m) in sales for 2027
• COL Group has around 400 employees and sites in Turin, Milan, Bergamo and Catania
• Acquisition expands Eaton's European power distribution capacity for data center and utility markets