Eaton has signed an agreement to acquire COL Group from Oaktree's Power Opportunities strategy, a move that will expand its manufacturing capacity and capabilities for the data center and utility markets in EMEA. COL Group is a leader in medium-voltage electrical distribution solutions, including SF₆-free switchgear, grid automation technologies, and modular power systems. The acquisition will broaden Eaton's European power distribution capabilities and manufacturing footprint, strengthening its ability to meet rising customer demand across both markets.
Omar Zaire, president of Eaton's EMEA Region, Corporate and Electrical Sector, said COL Group brings complementary technologies, manufacturing capabilities, and engineering expertise that will further strengthen Eaton's European power distribution platform. He added that the deal will improve Eaton's ability to support utility and data center customers who increasingly need resilient, sustainable power infrastructure and integrated grid-to-chip power solutions.
Under the agreement, Eaton will acquire COL Group at an enterprise value of €810 million, and the company has forecast sales of €250 million for 2027.
