Eaton buys remaining stake in Swiss firm
NEW YORK - Diversified U.S. manufacturer Eaton Corp said on Tuesday it has paid an unspecified sum for the remaining 50 percent stake in Swiss-based Micro Innovation Holding AG that it did not already own.
Micro Innovation, with 2008 sales of about $33 million, makes operator terminals, such as touch screens, used to control production equipment, and other industrial control devices.
Eaton shares were up 16 cents to $54.11 in early trading on the New York Stock Exchange. (Reporting by Nick Zieminski, editing by Gerald E. McCormick)
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