GERMANY - Doughty Hanson sells Moeller Group for EUR 1.55bn
Doughty Hanson has sold Moeller Group to Eaton Corporation for EUR 1.55bn. The sale is expected to close in the first quarter of 2008. Moeller is a global supplier of systems and components for energy distribution and automatisation for industrial, infrastructure, and residential buildings. Headquartered in Bonn, the company employs about 8,800 staff and is expected to report a turnover of around EUR 1bn and an EBITDA of about EUR 170m.
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