Hubbell to acquire dmc power

Shelton, ct, aug. 12, 2025 (globe newswire) -- hubbell to acquire dmc power provider of connectors and tooling for utility substation and transmission markets complementary technology enhances hubbell's utility solutions portfolio attractive growth and margin profile aligned to megatrends in load growth, datacenter interconnection and aging infrastructure $825 million transaction to be financed with cash and debt; anticipate adjusted eps accretion in 2026 hubbell incorporated (nyse: hubb) today announced it has entered into a definitive agreement to acquire dmc power, llc, a portfolio company of golden gate capital and a provider of connectors and tooling for utility substation and transmission markets, for $825 million in cash, subject to customary adjustments. “we are excited to add another high growth, high margin business to hubbell's utility solutions portfolio,” said gerben bakker, chairman, president and ceo.
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