American Hubbell, Inc. (HUBB) has entered into a definitive agreement to acquire DMC Power, LLC, a portfolio company of Golden Gate Capital, for $825 million, subject to usual adjustments. This is reported in a press release from Hubbell.
The transaction is expected to be completed by the end of 2025, subject to meeting the standard closing conditions, including obtaining the necessary regulatory approvals. The Company plans to finance the transaction using available cash and borrowed funds.
This agreement will expand the range of Hubbell technology solutions for customers, ensure the rapid creation of substation infrastructure and interconnections of data centers.
Hubbell, Inc. is an American company engaged in the design, manufacture and sale of electrical and electronic products for non—residential and residential construction, as well as for industrial and municipal applications.
DMC Power DMC Power, LLC is a portfolio company of Golden Gate Capital, a developer and manufacturer of interconnection technology systems for high—voltage energy infrastructure.
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