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Eaton to acquire Boyd Thermal for $9.5 billion

PUBLIC · ETNNov 03, 2025

Acquiring Company

Eaton

Acquired Company

Boyd Thermal

SacramentoManufacturingEnergyOil And GasArtificial IntelligenceRenewable EnergyAerospaceData CenterInvestingManufacturingAerospace

Description

Eaton has signed an agreement to acquire Boyd Thermal for $9.5 billion, enhancing its data center solutions with critical liquid cooling technology. The acquisition is expected to close in the second quarter of 2026, pending regulatory approvals. Boyd Thermal brings decades of expertise in liquid cooling, contributing to Eaton's growth in power management. The deal signifies a significant investment to address increasing power demands in modern data centers.

Quick answer

Eaton is acquiring Boyd Thermal for $9.5 billion, announced November 3, 2025.

How much did Eaton pay for Boyd Thermal?
The reported deal value is $9.5 billion.
What does Eaton do?
Eaton Corporation is a multinational power management company.
Where are Eaton and Boyd Thermal based?
Boyd Thermal is based in Sacramento, California, United States.
Who are the decision-makers at Eaton?
Fundz holds 3 contacts at Eaton. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Eaton

About

Eaton Corporation is a multinational power management company. The company provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power. Eaton operates across various sectors, including transportation, residential, and data centers.

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Frequently asked

Who acquired Boyd Thermal?

Boyd Thermal was acquired by Eaton. The deal was reported on November 3, 2025. Eaton Corporation is a multinational power management company. The company provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power. Eaton is publicly traded (ETN) and operates in Manufacturing.

When did Eaton acquire Boyd Thermal?

Eaton's acquisition of Boyd Thermal was reported on November 3, 2025. Eaton has signed an agreement to acquire Boyd Thermal for $9.5 billion, enhancing its data center solutions with critical liquid cooling technology. The acquisition is expected to close in the second quarter of 2026, pending regulatory approvals. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Boyd Thermal do?

Boyd Thermal specializes in thermal components and solutions for data centers and aerospace industries. The company has more than 5,000 employees and operates manufacturing sites in North America, Asia, and Europe. It is privately held, operating in Manufacturing, and is based in Sacramento.

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