Eaton Corp, Cleveland OH has acquired the diesel fuel processing technology and associated business assets of Catalytica Energy Systems Inc for $2.4 million.
Eaton said that under the terms of the asset purchase agreement, Eaton will receive the assignment and license of intellectual property relating to Catalytica's diesel fuel processing system and the transfer of certain assets. Additionally, Eaton will take over Catalytica Energy Systems' research and development facility in Mountain View CA, which employs 12 people engaged in the design and development of emissions control solutions.