Eaton Corporation has acquired the assets of IE Power, adding the Canadian company’s inverter technology to its own range of electrical solutions. IE Power provides high-power inverters for applications including solar and wind, up to tens of megawatts. Eaton, which is a diversified power management company, did not disclose the terms of the deal.
“This acquisition provides Eaton with strong design capabilities for high power inverters, an established product platform, and access to the rapidly growing utility solar inverter market,” said Eaton’s Matt Lorenz, vice president and general manager of the Electrical Components Organization, Industrial Control Division. “When combined with our global capabilities, IE Power’s robust and cost competitive inverter technology and powerful R&D capacity positions Eaton with one of the broadest solar inverter product portfolios in the industry.”