{"id":750147,"date":"2023-04-24T06:48:09","date_gmt":"2023-04-24T10:48:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eaton-acquires-49-stake-in-jiangsu-ryan-electrical-co-ltd\/"},"modified":"2023-04-24T06:48:09","modified_gmt":"2023-04-24T10:48:09","slug":"eaton-acquires-49-stake-in-jiangsu-ryan-electrical-co-ltd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eaton-acquires-49-stake-in-jiangsu-ryan-electrical-co-ltd\/","title":{"rendered":"Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. Ltd."},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. Ltd.<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Accelerates Eaton\u2019s growth in the renewable energy, data center, utility and industrial markets<\/b><\/li>\n<\/ul>\n<p>DUBLIN&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIntelligent power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Ryan), a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately $100 million in 2022.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230424005277\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230424005277\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230424005277\/en\/1771540\/4\/Jiangsu-Ryan-JV-2023.jpg\" alt=\"Eaton acquires 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Eaton acquires 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\n\u201cThe powerful combination of Ryan\u2019s high-quality products and Eaton\u2019s global distribution will enable us to better serve customers in Asia Pacific and around the world,\u201d said Howard Liu, president, Asia-Pacific Region, Electrical Sector, Eaton. \u201cTogether, we\u2019ll be well-positioned to provide the solutions for the transition to more renewable energy and electrical content in a variety of applications.\u201d<\/p>\n<p>\nJiangsu Ryan Electrical Co. Ltd. is located in Nantong, Jiangsu, China. The company is focused on dry-type transformers, a sizeable and growing market amid the rapidly expanding renewable energy base and increasing electricity consumption around the world. Ryan\u2019s products are widely used and recognized by customers in renewable energy, data center, utility and industrial markets.<\/p>\n<p>\nEaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power \u2500 today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we\u2019re accelerating the planet\u2019s transition to renewable energy, helping to solve the world\u2019s most urgent power management challenges, and doing what\u2019s best for our stakeholders and all of society.<\/p>\n<p>\nFounded in 1911, Eaton is marking its 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.eaton.com&amp;esheet=53385965&amp;newsitemid=20230424005277&amp;lan=en-US&amp;anchor=www.eaton.com&amp;index=1&amp;md5=087bb397cb35c909847e6b84242f2f56\">www.eaton.com<\/a>. Follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Featoncorp&amp;esheet=53385965&amp;newsitemid=20230424005277&amp;lan=en-US&amp;anchor=Twitter&amp;index=2&amp;md5=036f696c76fcd64df9d5b115a73235d4\">Twitter<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Featon%2F&amp;esheet=53385965&amp;newsitemid=20230424005277&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=8c18c767f291b549f836500b82b09007\">LinkedIn<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230424005277r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230424005277\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230424005277\/en\/<\/a><\/span><\/p>\n<p>\nJennifer Tolhurst<br \/>\n<br \/>+1 (440) 523-4006<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jennifertolhurst@eaton.com\">jennifertolhurst@eaton.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China Europe Ireland Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Engineering Other Energy Utilities Manufacturing Alternative Energy Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230424005277\/en\/784235\/3\/Eaton_PBW_Lit_CMYK.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230424005277\/en\/1771540\/3\/Jiangsu-Ryan-JV-2023.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Eaton acquires 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. Ltd. Accelerates Eaton\u2019s growth in the renewable energy, data center, utility and industrial markets DUBLIN&#8211;(BUSINESS WIRE)&#8211; Intelligent power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Ryan), a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately $100 million in 2022. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230424005277\/en\/ Eaton acquires 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Photo: Business Wire) \u201cThe powerful combination of Ryan\u2019s high-quality products and Eaton\u2019s global distribution will enable us to better serve customers in Asia Pacific and around the world,\u201d said Howard Liu, president, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eaton-acquires-49-stake-in-jiangsu-ryan-electrical-co-ltd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. Ltd.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750147","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. 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(Ryan), a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately $100 million in 2022. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230424005277\/en\/ Eaton acquires 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Photo: Business Wire) \u201cThe powerful combination of Ryan\u2019s high-quality products and Eaton\u2019s global distribution will enable us to better serve customers in Asia Pacific and around the world,\u201d said Howard Liu, president, &hellip; Continue reading &quot;Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. 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