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Eaton Acquires Green Motion SA, Expanding Electric Vehicle Charging Capabilities

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Power management company Eaton (NYSE:ETN) today announced it has acquired Green Motion SA, a leading designer and manufacturer of electric vehicle charging hardware and related software. Green Motion is based in Switzerland.

"Energy transition around the world is rapidly gathering momentum, and Eaton is well positioned to contribute to society and benefit from this important trend," said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton. "Electric vehicle charging infrastructure is among the areas where we expect to see significant growth over the next decade. Green Motion's proven charger designs and its advanced power and billing management software are powerful additions to Eaton's existing energy storage and power distribution offerings."

Eaton's mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton's 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.

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