Eaton signs agreement to acquire Ultra PCS Limited

Intelligent power management company Eaton announced it has signed an agreement to acquire Ultra PCS Limited from the Cobham Ultra Group. Ultra PCS’s innovative solutions for safety and mission-critical aerospace systems will augment Eaton’s portfolio in both military and civilian aircraft. We expect Ultra PCS’s strong growth position in high-margin business to be accretive to Eaton. Under the terms of the agreement, Eaton will pay $1.55 billion for Ultra PCS. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the first half of 2026.

“Combining Ultra PCS products and aftermarket services with Eaton’s will enable us to better serve our customers’ needs with tailored, next-generation aerospace solutions,” said John Sapp, president, Aerospace Group. “We look forward to welcoming Ultra PCS to Eaton and combining our 200-year history of technology and innovation in safety and mission-critical systems.”

Ultra PCS Limited, headquartered in Cheltenham, U.K. and with operations in the U.K. and U.S., produces electronic controls, sensing, stores ejection and data processing solutions, enabling mission success for global aerospace customers in the air and on the ground. Ultra PCS estimates 2025 sales of approximately $240 million.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data centre, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power today and well into the future. By capitalising on the global growth trends of electrification and digitalisation, we’re helping to solve the world’s most urgent power management challenges and building a more sustainable society for people today and generations to come.