Eaton Corp., Cleveland, and Caterpillar Inc., Peoria, Ill., formed a joint venture to provide electrical distribution switching products. Annual revenues are expected to exceed $100 million in the next few years.
The companies said Eaton would own 51 percent of the joint venture, with Caterpillar holding the remaining 49 percent. Eaton and Caterpillar said the product lines for the joint venture would include paralleling switchgear and automatic transfer switches used for emergency or
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