Eaton to spin off $5.1B EV-related business to Dana — plus 2 more M&A deals to know (opens original article in a new tab)

Eaton is spinning off its $5.1B EV-related business to Dana, following sales declines in its mobility segment, as the company shifts focus to emerging trends like hyperscale data center technologies.

• Eaton plans to spin off its $5.1B EV-related business to Dana.
• Eaton's mobility business has experienced significant sales declines.
• CEO Paulo Ruiz mentions focusing on 'powerful megatrends' like hyperscale data center technologies.