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Monday, March 14, 2011

Eaton to purchase German filtration products maker

Diversified industrial company Eaton Corp said it will buy German filtration products maker Internormen Technology Group for an undisclosed sum to expand its hydraulics business into emerging economies. Internormen has a well-established presence in emerging countries such as Brazil, India and China, and fast-growing markets such as wind power, Eaton said in a statement. Altlussheim, Germany-based Internormen employs about 360 people and had 2010 sales of more than $55 million.

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