Eaton acquires COL Group for €810 million

Type: Acquisition · Technology: Data Center · Country: Italy · Value: EUR 810M · Announced: 2026-09-29

Eaton agreed to acquire COL Group from Oaktree Private Equity for €810 million in a transaction announced on 2026-09-29. COL Group, founded in 1920 with facilities in Turin, Milan, Bergamo and Catania and forecasted sales of €250 million for 2027, supplies medium-voltage electrical distribution solutions including SF6-free switchgear, grid automation and modular power systems. The acquisition expands Eaton's European power distribution capabilities and manufacturing footprint to support data center and utility customers across Europe and is expected to close in Q1 2027. Eaton said the deal will enhance its ability to supply resilient, sustainable power infrastructure and integrated grid-to-chip power solutions, while Oaktree — which acquired COL in 2021 — will exit its investment. The transaction was presented as a cash purchase for €810 million; no advisers, financing terms beyond the purchase price, or additional conditions were disclosed in the article.

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