Apr 25, 2023 | Posted by Abdul-Rahman Oladimeji
Eaton has acquired a substantial stake in Jiangsu Ryan Electrical, a Chinese power distribution company. This week, the US power management company stated that it has acquired a 49 percent stake in Jiangsu Ryan Electrical Co. Ltd., a Chinese manufacturer of power distribution and sub-transmission transformers. The deal's terms were not revealed. Established in 2007 and headquartered in Nantong, Jiangsu, Jiangsu Ryan focuses on dry-type transformers. According to Eaton, Ryan's products are extensively used and recognized in the renewable energy, data center, utility, and industrial markets. Eaton's head of the Asia-Pacific region for the electrical sector, Howard Liu, stated that the amalgamation of Ryan's high-quality products and Eaton's global distribution will allow them to better serve consumers in Asia-Pacific and around the globe. Collectively, they will be in an excellent position to provide solutions for moving to more clean energy and electrical content in a variety of applications.
In addition to switchgear, dry and oil-based transformers, and distribution cabinets, Jiangsu's product line generated $100 million in revenue last year. Dry-type transformers, also known as cast resin-type transformers, are solid, lack rotating elements, and rely on ventilation to cool the transformer coils. Transformers that are oil-filled or oil-immersed use oil to keep the transformer cold. Eaton acquired electrical and power component manufacturer Royal Power Solutions for $600 million in 2022.
