This Research Note examines Eaton Electrical businesses worldwide, the Americas, and Global business units, which account for 73% of Eaton Corporation’s net revenues.  We highlight their acquisitions and strategic investments over the last two years to date and assess the group’s largest end market, data centers, in 2026. The two Electrical business segments combined account for $20.1B or 73.2% of the Corporation’s total 2025 net sales. Electrical sales increased 13.6% over the prior year. 10-K 2025 Eaton Acquisitions & Investments Boyd Thermal, a leading player in data center cooling, was acquired by Eaton Corporation for $9.5 billion. The transaction, subject to customary closing conditions and regulatory approvals, is expected to close in the second quarter of 2026. 80% of Boyd’s thermal business supports the data center market. The US-based division has more than 5,000 employees, with manufacturing sites across North America, Asia, and Europe. Boyd Thermal has forecast sales of $1.7 billion for 2026, of which $1.5 […]