Hammond Power Solutions Closes $365M AEG Power Solutions Deal
Hammond Power Solutions has finalized its acquisition of AEG Power Solutions for roughly CAD $365 million after clearing all regulatory hurdles.
Hammond Power Solutions Inc. completed its acquisition of AEG Power Solutions on June 29, 2026, the Guelph, Ontario-based company announced, sealing a deal valued at approximately CAD $365 million and marking one of the most significant consolidation moves in the North American power solutions sector this year.
The Toronto Stock Exchange-listed firm, trading under the ticker HPS.A, had previously disclosed the transaction and waited for the green light from regulators before finalizing the purchase. With all required regulatory approvals now in hand, the deal officially closed, bringing AEG Power Solutions — known in the industry as AEGPS — fully under the Hammond Power Solutions umbrella.
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The acquisition signals Hammond Power Solutions' intent to expand its footprint and capabilities at a time when demand for power infrastructure, including transformers and related electrical equipment, is surging across North America and Europe. Integrating AEGPS could broaden HPS's product portfolio and geographic reach, though the company has not yet detailed specific integration timelines or projected synergies.
For investors and industry watchers, the closing removes a key uncertainty that had lingered since the deal was first announced, and attention will now shift to how HPS manages the integration of a major international asset while sustaining its organic growth trajectory.
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