Announced
Synopsis
Hubbell, an American company that designs, manufactures, and sells electrical and electronic products, agreed to acquire DMC Power, a company specializes in providing high voltage and extra high voltage transmission and substation connectors, from Golden Gate Capital, a private equity company, for $825m. “We are excited to add another high growth, high margin business to Hubbell’s Utility Solutions portfolio. As load growth, datacenter buildouts and aging infrastructure drive highly visible utility substation and transmission investment over the next several years, the acquisition of DMC Power expands Hubbell’s strong presence in these attractive markets,” Gerben Bakker, Hubbell Chairman, President and CEO.
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