Hammond Power Solutions Acquires AEG Power Solutions

Hammond Power Solutions (HPS) has entered into an agreement to acquire AEG Power Solutions, a prominent player in the power supply and conversion sector. The announcement, made on February 17, 2026, marks a significant milestone for HPS as it seeks to enhance its technology foundation and broaden its capabilities in power electronics and integrated electrical solutions.

While the financial details of the acquisition remain undisclosed, the strategic rationale behind the deal is clear. Adrian Thomas, Chief Executive Officer of HPS, stated, “The acquisition of AEG Power Solutions is an important strategic milestone for Hammond Power Solutions. It strengthens our technology foundation, expands our capabilities in power electronics and integrated electrical solutions, and extends our reach across key markets.”

HPS, known for its extensive range of dry-type transformers and power quality products, operates manufacturing plants in Canada, the United States, Mexico, and India. Its products are integral to electrical distribution networks across various end-user applications. The company is publicly traded on the Toronto Stock Exchange under the symbol HPS.A.

AEG Power Solutions, founded over a century ago, specializes in power supply and conversion for industrial and renewable applications. The company offers a diverse portfolio that includes AC and DC uninterruptible power supplies (UPS), battery chargers, and rectifier systems, catering to critical infrastructure needs in sectors such as oil and gas, transportation, and nuclear energy.

Franck Audrain, CEO of AEG Power Solutions, expressed optimism about the acquisition, stating, “Joining Hammond Power Solutions will start an exciting new journey for AEG Power Solutions. This partnership will accelerate our ability to expand globally and deliver comprehensive power solutions to customers worldwide.”

The acquisition is expected to create synergies in revenue through cross-selling opportunities and the expansion of product offerings into new markets. Additionally, cost synergies may arise from reduced manufacturing costs and streamlined supply chain management.

As the deal progresses, HPS aims to integrate AEG’s power protection solutions with its existing product lines, enhancing its market position in the electrical distribution sector. The acquisition is anticipated to strengthen HPS’s presence in Europe and Asia, allowing for greater market penetration and innovation in power protection technologies.

Looking ahead, HPS will focus on integrating the two organizations while addressing potential challenges such as cultural alignment and technology platform integration. The company remains committed to maintaining a prudent leverage profile and a clear path to long-term value creation.

This acquisition reflects HPS’s ongoing strategy of strategic relevance, financial discipline, and risk awareness, positioning the company for future growth in the evolving energy sector.