Eaton buys Fibrebond, a company that designs and builds modular power enclosures for data centres, industry, utilities and communications.

Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center,

(Reuters) -Power management company Eaton said on Tuesday it will buy Fibrebond Corporation in a $1.4 billion deal as it looks to expand its reach into the data center market. The global appetite for energy-intensive data centers has increased exponentially as companies race to develop and adopt artificial intelligence,