India, Aug. 12 -- Hubbell, Inc. (HUBB) announced Tuesday 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.
The proposed acquisition will be a complementary technology enhancement to Hubbell's Utility Solutions portfolio with attractive growth and margin profile aligned to megatrends in load growth, datacenter interconnection and aging infrastructure.
DMC Power is a designer and manufacturer of connector technology systems for high voltage power infrastructure with over 350 employees and two manufacturing facilities in Carson, CA ...