Hammond Power Solutions to Acquire AEG Power Solutions for $365M, Expanding Global Reach and Power Quality Capabilities.

Hammond Power Solutions Inc. (HPS) to acquire AEG Power Solutions for $365 million. The deal will expand HPS's portfolio, market reach, and growth profile through product expansion, end-market expansion, geographic expansion, and customer base expansion. The acquisition will strengthen HPS's technology foundation, expand its capabilities in power electronics and integrated electrical solutions, and extend its reach across key markets.