Intelligent power management company
Eaton has signed an agreement to acquire
COL Group from Oaktree Private Equity. 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 expand Eaton's European power distribution capabilities and manufacturing footprint, enhancing its ability to support growing customer demand across data centre and utility markets.
Omar Zaire, president, EMEA Region, Corporate and Electrical Sector, Eaton, said: “COL Group brings complementary technologies, manufacturing capabilities and engineering expertise that will further strengthen Eaton's European power distribution platform. The acquisition will enhance our ability to support utility and data centre customers' increasing need for resilient, sustainable power infrastructure and integrated grid-to-chip power solutions.”
Under the terms of the agreement, Eaton will pay €810 million. COL Group has forecasted sales of €250 million for 2027.
COL Group is an industrial group with over a century of experience specializing in the development of electrical power distribution solutions. The company has approximately 400 employees and facilities in Turin, Milan, Bergamo, and Catania, Italy.
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first quarter of 2027.
Eaton is an intelligent power management company. Founded in 1911, it has continuously evolved to meet the changing and expanding needs of its stakeholders. With revenues of $27.4 billion in 2025, the company serves customers in 180 countries.
Pic: Omar Zaire, president, EMEA Region, Corporate and Electrical Sector, Eaton