Hammond Power Solutions to acquire AEG Power Solutions at an enterprise value of CAD365m.

Hammond Power Solutions, a North American manufacturer of dry-type transformers and electrical engineered magnetics, agreed to acquire AEG Power Solutions, a global manufacturer of industrial power electronics, at an enterprise value of CAD365m. "Joining Hammond Power Solutions will start an exciting new journey for AEG Power Solutions. This partnership will accelerate our ability to expand globally and deliver comprehensive power solutions to customers worldwide. Together, we can continue to innovate and solve increasingly complex power protection challenges for the customers who put their trust in us," Franck Audrain, AEG Power Solutions CEO.