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Hubbell Incorporated Completes Acquisition of DMC Power

1. Hubbell completed the acquisition of DMC Power for $600 million. 2. DMC Power specializes in high voltage power infrastructure technology. 3. The acquisition was financed through a new unsecured term loan. 4. Hubbell aims to enhance its utility and electrical solutions portfolio. 5. DMC Power has over 350 employees and multiple manufacturing facilities.

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$430.4710/02 03:02 AM EDTLatest Updated
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Why Bullish?

The acquisition enhances Hubbell's product offerings, potentially increasing revenue streams. Previous acquisitions have positively impacted similar companies' stock prices.

How important is it?

The acquisition is pivotal for HUBB's growth and market position. Strong acquisitions often yield long-term financial benefits and investor confidence.

Why Long Term?

The integration of DMC Power may take time, but should lead to steady growth. Long-term trends show acquisitions can stabilize and increase stock values in utility sectors.

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GGCGEETR
October 01, 2025 16:05 ET  | Source: Hubbell Inc. Shelton, CT, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) (“Hubbell”) today announced that it has completed its acquisition of DMC Power, LLC (“DMC Power”) from an affiliate of Golden Gate Capital. Hubbell financed the acquisition and related transactions with net proceeds from borrowings under a new unsecured term loan facility in the aggregate principal amount of $600 million and issuances of commercial paper. 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 and Olive Branch, MS, along with multiple distribution facilities located across North America. About HubbellHubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2024 revenues of $5.6 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, CT. ContactDan Innamorato VP Investor Relations

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