Hubbell to acquire DMC Power for $825M; expects 2026 accretion

HUBBELL INC

Acquisition of DMC Power, a provider of utility substation and transmission connectors, for $825M in cash.
DMC Power anticipates 2026 revenue of ~$130M and EBITDA of ~$60M.
Financed with cash on hand and debt; expected to close by end of 2025, subject to HSR and other conditions.
Hubbell expects the acquisition to be accretive to adjusted EPS in 2026.
DMC Power's swage connection technology complements Hubbell's Utility Solutions portfolio, targeting load growth and datacenter interconnection.

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