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Ontario’s Hammond Power Solutions enters AEG acquisition agreement

Summary by Electrical Business
Guelph, Ont.-headquartered dry-type transformer and power quality solutions provider Hammond Power Solutions (HPS) has entered a definitive agreement to acquire global industrial power electronics provider AEG Power Solutions. AEG operates primarily across Europe and Asia’s industrial, infrastructure, transportation and energy sectors, employing more than 780 professionals across five manufacturing facilities. HPS anticipates this acquisition to…

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Ontario’s Hammond Power Solutions enters AEG acquisition agreement

Guelph, Ont.-headquartered dry-type transformer and power quality solutions provider Hammond Power Solutions (HPS) has entered a definitive agreement to acquire global industrial power electronics provider AEG Power Solutions. AEG operates primarily across Europe and Asia’s industrial, infrastructure, transportation and energy sectors, employing more than 780 professionals across five manufacturing facilities. HPS anticipates this acquisition to…

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Electrical Business broke the news in on Friday, February 20, 2026.
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