Eaton to acquire EA Pederson

Eaton Corp., Cleveland, agreed to acquire E.A. Pedersen Co., Omaha, Neb., a manufacturer of medium-voltage switchgear primarily for electrical utilities. Eaton Power Distribution President Rich Stinson said the deal “will strengthen Eaton’s medium-voltage assembly business by adding important utility-oriented power products and custom engineering capabilities for our U.S. markets.” Pederson’s products include metal-clad switchgear, power control buildings and relay control panels. E.A. Pedersen does business as Pedersen Power Products and estimated 2011 sales at $37 million.