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Hammond Power Solutions Inc Announces Intention To Acquire Italian Transformer Company

Friday, 8 Feb 2013 03:14pm EST 

Hammond Power Solutions Inc announced that it has signed a definitive agreement with Marnate Trasformatori s.r.l. (Marnate) in Italy to acquire a 100% equity ownership of its business. Marnate is involved in the design and manufacture of cast resin transformers and has an reputation in the industry for product quality and reliability. Marnate's annual revenues in 2012 were approximately CDN $8,000,000. HPS expects the deal to close in mid-February, 2013. 

Company Quote

23 Dec 2014