Eaton Corp. has acquired Chilean heavy industry parts manufacturer Rolec Comercial e Industrial, the component supplier said.
Eaton said the purchase will boost the company’s growth in Chile and Peru especially in mining, pulp and paper and energy infrastructure. Terms were not disclosed.
Eaton recently received approval for its $11.8 billion acquisition of Ireland-based Cooper Industries from two international bodies, satisfying conditions of the planned acquisition.
The Cooper deal still needs to be approved by Eaton and Cooper shareholders, which have shareholder meetings scheduled for Oct. 26, Eaton said.