Eaton Completes Purchase of Brazilian Powertrain Manufacturer Pigozzi S.A.

CLEVELAND--March 1, 2005--Diversified industrial manufacturer Eaton Corporation today announced it has completed its purchase of Pigozzi S.A. Engrenagens e Transmissoes, an agricultural powertrain business located in Caxias do Sul, Brazil.

The transaction was announced February 21. Pigozzi produces agricultural powertrain products, including transmissions, rotors and other drivetrain components, for tractors and harvesters. The business had 2004 revenues of about $42 million.

Eaton Corporation is a diversified industrial manufacturer with 2004 sales of $9.8 billion. Eaton is a global leader in fluid power systems and services for industrial, mobile and aircraft equipment; electrical systems and components for power quality, distribution and control; automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety; and intelligent truck drivetrain systems for safety and fuel economy. Eaton has 55,000 employees and sells products to customers in more than 125 countries. For more information, visit www.eaton.com.