Business
Hammond Power Solutions Inc. to Acquire AEG Power Solutions
-Acquisition will accelerate HPS’s growth strategy through expanded power quality capabili...
About this update from Hammond Power Solutions Inc. Class A
[{"type":"text","content":"Hammond Power Solutions Inc. to Acquire AEG Power Solutions\n-Acquisition will accelerate HPS’s growth strategy through expanded power quality capabilities, broader end‑market exposure, and increased global reach- GUELPH, Ontario, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS”; TSX: HPS.A), a leading provider of dry-type transformers and power quality solutions, announced that it has signed a definitive agreement to acquire AEG Power Solutions, subject to regulatory approvals and customary closing conditions. AEG Power Solutions is a leading global manufacturer of mission critical industrial power electronics serving a diverse set of markets, including industrial facilities, transportation, infrastructure, and energy applications. Operating primarily across Europe and Asia, AEG Power Solutions employs more than 780 professionals and operates five manufacturing facilities worldwide, with approximately C$326 million in revenue in 2025. Strategic Rationale Once complete, the proposed acquisition is expected to strengthen HPS’s portfolio, market reach, and long-term growth profile through: Product expansion – Integrated electrical solutions combining HPS’s transformer and power magnetics strengths with AEG Power Solutions’ industrial UPS and power conversion expertise. End‑market expansion – Increased exposure to high‑growth markets including industrials, infrastructure, and energy transition applications. Geographic expansion – Superior scale and global platform, supporting long‑term diversified growth across multiple regions. Customer base expansion – Large installed base and global aftermarket services, increasing recurring revenue from service, maintenance, and upgrades. “This transaction is an important strategic milestone for Hammond Power Solutions,” said Adrian Thomas, Chief Executive Officer of HPS. “It strengthens our technology foundation, expands our capabilities in power electronics and integrated electrical solutions, and extends our reach across key markets. Just as importantly, it brings together two teams grounded in strong values and culture. This transaction reflects the same principles that have guided our long‑term capital allocation: strategic relevance, financial ...