Eaton to Exhibit at SMM
Power management company Eaton will demonstrate its expanded ability to deliver electrical, explosion-proof and hydraulic equipment for the marine and offshore industry at the international maritime trade fair SMM 2014 from September 9-12 in Hamburg. Visitors to Eaton’s stand can learn about the company’s offerings that help shipbuilders use electrical, fluid and mechanical power more reliably, efficiently, safely and sustainably. SMM takes place every two years and Eaton has significantly broadened its portfolio for marine and offshore applications in that period.
Cooper Industries Buys S. Korean Supplier
Cooper Industries, Ltd., Houston, TX, has acquired Hyundai Explosion-Proof Electric Company, a South Korea-based manufacturer of explosion-proof electrical equipment. HEPEC specializes in explosion-proof Glass Reinforced Plastic lighting, control panels and switchgear and its products are complementary to the current Cooper Crouse-Hinds product offerings. The acquisition provides Cooper with increased access to the South Korean market, with its strong shipbuilding industry and where significant investment to upgrade domestic energy and petrochemical infrastructure is underway. The HEPEC acquisition is the eighth deal announced by Cooper in 2007. Cooper Industries is a global manufacturer with 2006 revenues of $5.2 billion, about 85% of which are from electrical products.