06:59 AM EDT, 03/11/2025 (MT Newswires) -- Eaton (ETN) said Tuesday that it signed an agreement to acquire Fibrebond, which designs and builds pre-integrated modular power enclosures, for $1.4 billion.

Fibrebond is estimated to post $378 million in revenue for the 12-month-period ending Feb. 20, according to the statement.

Eaton estimates the transaction to be neutral to earnings per share in 2025. The company said it expects to close the acquisition in Q3.