CLEVELAND (April 23, 2012)—Eaton Corp. said it plans to acquire substantially all of the shares of Jeil Hydraulics Co. Ltd.
Jeil Hydraulics is a manufacturer of track drive motors, swing drive motors, main control valves and remote control valves for the construction equipment market.
The deal is subject to customary closing conditions. Terms were not disclosed.
Jeil Hydraulics is headquartered in Busan, South Korea and had 2011 sales of about $189 million.