Hubbell Incorporated announced the acquisition of DMC Power, a provider of connectors and tooling for utility substation and transmission markets.
The $825 million transaction will be financed with cash and debt, with expected adjusted EPS accretion in 2026.
DMC Power's technology will enhance Hubbell's Utility Solutions portfolio, aligning with megatrends in load growth, datacenter interconnection, and aging infrastructure.
Acquisition Details
Hubbell to acquire DMC Power for $825 million in cash, expanding its presence in utility substation and transmission markets.
Financial Impact
Anticipated revenue of approximately $130 million and EBITDA of $60 million for DMC Power in 2026.
Strategic Expansion
DMC Power's swage technology offers a strategic complement to Hubbell's existing solutions, facilitating rapid infrastructure buildout.
- The acquisition aligns with Hubbell's growth strategy by tapping into high-growth utility markets and enhancing its technology offerings.
- DMC Power's rapid organic growth and innovative product development reflect its strong market position and potential for industry transformation.
Hubbell's acquisition of DMC Power marks a significant step in expanding its utility solutions portfolio and strengthening its position in key markets. The strategic alignment between the two companies sets the stage for accelerated growth and innovation in the utility infrastructure sector.