Hubbell Inc Acquires DMC Power

Hubbell Inc has completed the acquisition of DMC Power, a company specializing in connectors and tooling for utility substation and transmission markets. The acquisition is valued at $825 million and is expected to enhance the company’s Utility Solutions portfolio.

Acquisition Details

• The transaction is expected to be financed with a combination of cash and debt.
• Adjusted earnings per share accretion is anticipated in 2026.

Strategic Rationale

The acquisition is seen as a complementary addition to Hubbell’s existing business, with a strong growth and margin profile aligned to megatrends in load growth, datacenter interconnection, and aging infrastructure. This strategic move is expected to drive growth and enhance the company’s Utility Solutions portfolio.

Financial Considerations

The acquisition is valued at $825 million, and the transaction is expected to be financed with a combination of cash and debt.