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Benzinga
Benzinga
Business
Akanksha Bakshi

Hubbell Expands Grid Infrastructure Capabilities With DMC Power Deal

HUBB Hubbell DMC
M&A Businessman Handshake

Hubbell Incorporated (NYSE:HUBB) will acquire DMC Power LLC for $825 million in cash, expanding its Utility Solutions portfolio with patented swage connection technology for high-voltage infrastructure. The deal is expected to close by year-end 2025 and will be funded with cash and debt.

The acquisition supports Hubbell's growth strategy amid rising power demand, data center construction and aging grid infrastructure.

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