Add-on Acquisition • Electronics

Hubbell Power Systems Acquires Electro Industries/GaugeTech

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
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.	Buy	-

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.

Buy

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