ACQUISITIONS AND SALE OF BUSINESSES Eaton's most recently acquired businesses, and the related annual sales prior to acquisition, are summarized below: | | | | | | | | Acquired businesses | | Date of
transaction | | Business
segment | | Annual
sales | | | Cooper Industries plc (Cooper) | | November 30, 2012 | | Electrical Products; Electrical Systems and Services | | $5,409 for 2011 | A diversified global manufacturer of electrical products and systems, with brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. | | | | | | | | | | | Rolec Comercial e Industrial S.A. | | September 28,
2012 | | Electrical Systems and Services | | $85 for the
12 months
ended
September 30,
2012 | A Chilean manufacturer of integrated power assemblies and low- and medium-voltage switchgear, and a provider of engineering services serving mining and other heavy industrial applications in Chile and Peru. | | | | | | | | | | | Jeil Hydraulics Co., Ltd. | | July 6,
2012 | | Hydraulics | | $189 for 2011 | A Korean manufacturer of track drive motors, swing drive motors, main control valves and remote control valves for the construction equipment market. | | | | | | | | | | | Polimer Kaucuk Sanayi ve Pazarlama A.S. | | June 1,
2012 | | Hydraulics | | $335 for 2011 | A Turkish manufacturer of hydraulic and industrial hose for construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals markets. This business sells its products under the SEL brand name. | | | | | | | | | | | Gycom Electrical Low-Voltage Power Distribution, Control and Automation | | June 1,
2012 | | Electrical Systems and Services | | $24 for 2011 | A Swedish electrical low-voltage power distribution, control and automation components business. | | | |
See Note 3 for information about acquisition integration charges and transaction costs related to these acquisitions. Sale of Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions On January 20, 2014, Eaton announced it entered into an agreement to sell the Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses to Safran for $270. The sale, which was approved by Eaton's Board of Directors, is subject to regulatory approvals and other customary closing conditions. The transaction is expected to close in the second quarter of 2014. |