# TMC Transformers acquires HPS Marnate Transformers branch in Italy

TMC Transformers Spa announced the acquisition of the Hammond Power Solutions SpA business branch in Marnate, Italy, formerly owned by Marnate Trasformatori. The acquisition aims to consolidate TMC's growth in the dry type transformer market.

- Type: Acquisition
- Announced: 2019-11-27
- Where: Marnate, Italy, Italy
- Status: announced
- Products: dry type transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hammond Power Solutions Inc.](https://endata.com/companies/32112.md) (target)
- [TMC Transformers](https://endata.com/companies/43564.md) (acquirer)

## Sources

- [tmctransformers.com](https://www.tmctransformers.com/news/tmc-transformers-announces-acquisition-of-hps-marnate-transformers-branch), 2019-11-27: "With this acquisition, TMC Transformers aims to consolidate its growth in the market of dry type transformers, confirming its strategy of becoming a worldwide player supported by technical expertise and production capabilities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.