M&A Deal Summary

Hubbell Power Systems Acquires Electro Industries/GaugeTech

On July 25, 2023, Hubbell Power Systems acquired electronics company Electro Industries/GaugeTech

Acquisition Highlights
  • This is Hubbell Power Systems’ 1st transaction in the Electronics sector.
  • This is Hubbell Power Systems’ 5th transaction in the United States.
  • This is Hubbell Power Systems’ 2nd transaction in New York.

M&A Deal Summary
Date 2023-07-25
Target Electro Industries/GaugeTech
Sector Electronics
Buyer(s) Hubbell Power Systems
Deal Type Add-on Acquisition
Advisor(s) England & Company (Financial)

Target

Electro Industries/GaugeTech

Westbury, New York, United States
Electro Industries/GaugeTech provides advanced energy management systems and power meters that leverage predictive analytics, cloud services, and artificial intelligence for utility and commercial and industrial customers. Electro Industries/GaugeTech is based in Westbury, New York.

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Buyer(S) 1

Buyer

Hubbell Power Systems

Columbia, South Carolina, United States
Category Company
Founded 1994
Sector Electrical Equipment
DESCRIPTION

Hubbell Power Systems, Inc. manufactures transmission, distribution, substation, OEM, and telecommunications products used by utilities.

DEAL STATS #
Overall 7 of 7
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (New York) 2 of 2
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Cantega Technologies

Edmonton, Alberta, Canada

Cantega Technologies, Inc. is a provider of engineered turnkey animal mitigation solutions, innovative products, technologies, and services all designed to improve our customer's power systems reliability and profitability. Cantega Technologies, Inc. was established in 2001 and is based in Edmonton, Alberta.

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