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The Associated Press August 25, 2010, 7:45PM ET

Eaton wraps Wright Line acquisition

Industrial manufacturer Eaton Corp. said Wednesday it has completed its acquisition of Wright Line Holding Inc., a maker of information technology equipment, in a deal the company hopes will boost its offerings in the data management market.

Terms of the deal were not disclosed. Wright Line, headquartered in Worcester, Mass., had sales of $101 million over the last 12 months and employs more than 350 people, Eaton said.

Shares of Eaton added 38 cents to $70.35 in afternoon trading after falling 68 cents to $69.97 during the regular session.

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