Acquisition driven growth The acquisition of AEG Power Solutions Pte Ltd was announced in February 2026 with an enterprise value of CA$365 million, signaling aggressive expansion into adjacent magnetics and power electronics. It presents cross-sell opportunities to AEG's customer base and potential for integrated transformer and magnetics solutions across HPS's North American footprint. HPS operates in Canada, the United States, Mexico and India, enabling scale across regions.

North American expansion North American expansion strategy is evident from new regional hires and partnerships. Hammond Power Solutions appointed a Regional Sales Manager for Southwestern Ontario and a Director of Product Management, as well as a Technical Solutions Consultant for the Western United States, and expanded its JD Martin partnership. This creates immediate opportunities to pursue mid-to-large industrial, utilities and data-center projects with engineered magnetics and dry-type transformers.

VFD technology alliance VFD technology alliance presents cross-sell opportunities. HPS is co-leading a CAD financing round to accelerate global deployment of SIC-based VFD technology with SmartD Technologies, aligning motor control efficiency with transformer offerings. This opens up potential to offer bundled efficiency solutions to manufacturing customers seeking energy performance improvements.

Large scale opportunities Large scale opportunities from financial strength and deal flow. With revenue in the range of $500M to $1B, TSX listing, and the recent all-cash acquisition of AEG Power Solutions, HPS has demonstrated capacity to win and deliver large-scale, customized transformer and magnetics projects for utilities, OEMs and data centers.

Global footprint Global manufacturing footprint enables regional delivery and support. HPS operates in Canada, the United States, Mexico and India with a workforce of 501-1000, allowing near-shoring, faster delivery and local after-sales service for regional OEMs and industrial customers.