Eaton, Abunayyan Holding form JV to produce switchgear in the GCC
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Power management firm Eaton and Abunayyan Holding announced the formation of a joint venture (JV) to produce and service low- and medium-voltage switchgear in the GCC.
The JV will conduct business as Eaton Arabia and will have locations in Dammam and Dubai, Eaton said in a statement.
“Abunayyan’s strong presence in Saudi Arabia combined with Eaton’s global scale and access to the broader Middle East will strengthen our offerings to customers in the region,” Tim Darkes, president, Europe, Middle East and Africa Region, Corporate and Electrical Sector at Eaton, said.
Abunayyan and Eaton will each own 50% of the new JV, with the former consolidating the JV's financial and operational results.