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0.00646385577892429 0.00646385577892429 0.00243135859574214 0.00628595149143096 0.00809464508094651 0.00293542074363995 -0.0179090316076616 -0.00759058293304869
Stock impact report

Eaton announces plan to spin off its Mobility Group

Eaton Corporation, PLC Ordinary Shares (ETN) 
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Business Wire
Transaction supports Eaton’s 2030 growth strategy, enhancing focus on higher growth, higher margin Electrical and Aerospace businesses directly aligned to secular megatrendsEaton’s Mobility Group will be a global engineered solutions partner to commercial vehicle, automotive and off-highway OEMs, with strong market position and industry leading technologies DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton (NYSE:ETN) today announced that it intends to pursue a separation of its Vehicle and eMobility segments (together, “Mobility Group” or “Mobility”) into an independent, publicly traded company.Paulo Ruiz, Eaton chief executive officer, said, “The separation of Mobility advances Eaton’s bold new 2030 growth strategy to lead, invest, and execute for growth. Our team will have a sharpened focus on our core Electrical and Aerospace businesses, which are driven by powerful megatrends including in electrification, digitalization and AI, reindustrialization, infrastruct Show less Read more
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