Eaton has signed an agreement to acquire Ultra PCS Limited from the Cobham Ultra Group in a US$1.55 billion deal aimed at boosting its aerospace offering. Ultra PCS, based in Cheltenham with operations in the UK and US, develops technology for electronic controls, sensing, data processing, and stores ejection — all used in mission and safety-critical aerospace applications. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and other standard conditions.
Eaton believes the acquisition will complement its existing portfolio in both civil and defence aviation. Ultra PCS is on track to deliver around US$240 million in sales in 2025 and is seen as a valuable addition to Eaton's growing high-margin businesses.
John Sapp, President of Eaton's Aerospace Group, noted that bringing together the two companies' technologies and aftermarket services would allow them to offer more targeted solutions for aerospace customers. He welcomed the opportunity to work alongside a team with a solid track record in engineering systems that support performance and reliability under demanding conditions.
Founded in 1911, Eaton has grown into a major player in power management, with customers in more than 160 countries. The company, which earned close to US$25 billion in revenue in 2024, supplies a wide range of industries including data centres, construction, mobility, and aerospace. Its strategy focuses on electrification, digitalisation, and sustainable growth — and the Ultra PCS acquisition is intended to support these long-term goals.
