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Eaton agrees to acquire Italian grid equipment maker COL Group

As of September 2026: Seller; exiting COL Group after roughly five years of ownership

Eaton agreed on September 25 to buy COL Group from Oaktree Capital Management for €810 million. COL makes medium-voltage switchgear, grid automation systems, and modular power gear from four Italian factories, with about 400 employees and a forecast €250 million in 2027 sales.

Updated Sep 25