Power management company Eaton has agreed to acquire Fibrebond, a US-based company that designs and builds modular power enclosures for data centres, industry, utilities and communications. Eaton will pay $1.

Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center,

Eaton will pay $1.4 billion for the acquisition of Louisiana-based Fibrebond, which builds structures that protect people and mission-critical equipment for data center, fiber, industrial, and utility markets. The deal is expected to close in the third quarter of 2025.

(Reuters) -Power management company Eaton said on Tuesday it will buy Fibrebond Corporation in a $1.4 billion deal as it looks to expand its reach into the data center market. The global appetite for energy-intensive data centers has increased exponentially as companies race to develop and adopt artificial intelligence,

A family-owned business headquartered in Minden, La., announced it agreed to an acquisition by a long-time partner. Fibrebond, which has been headquartered and operating in Minden for nearly a half-century,