Eaton acquires high-power inverter technology

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Eaton Corp. announced that it has acquired the assets of IE Power Inc., a provider of high-power inverters for a variety of mission-critical applications, including solar, wind and battery energy storage, with sizes from 100kW to 5MW. Terms of the transaction were not disclosed. IE Power, founded in 1985, is based in Mississauga, Ontario, and employs 24 people.

“This acquisition provides Eaton with strong design capabilities for high-power inverters, an established product platform and access to the rapidly growing utility solar inverter market,” says Matt Lorenz, vice president and general manager, Electrical Components Organization, Industrial Control Division. “When combined with our global capabilities, IE Power’s robust and cost-competitive inverter technology and powerful R&D capacity positions Eaton with one of the broadest solar inverter product portfolios in the industry.”