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Hammond Power Solutions to acquire assets of Micron Industries for $16 million · Endata

◂ Announcements

Electrical Equipmentworld trade 2024+7.2% 5Y CAGR

Sep 23, 2024ACQUISITIONSterling, Illinois, United States

Hammond Power Solutions to acquire assets of Micron Industries for $16 million

Hammond Power Solutions Inc. signed a definitive agreement to acquire the assets of Micron Industries Corporation, a US-based manufacturer of control transformers, for approximately USD 16 million. Micron Industries had about USD 23 million in revenue in 2023 and is based in Sterling, Illinois.

Value

$16.0M

Status

Announced

Productscontrol transformerslow-voltage transformersDC power supplies

CompaniesHammond Power Solutions Inc. acquirer Micron Industries Corporation target

Sectors#Electrical Equipment

“Hammond Power Solutions Inc. today announced that it has entered into a definitive agreement to acquire the assets relating to the operations of Micron Industries Corporation.”ground.news

1 source
ground.newsHammond Power Solutions Signs Definitive Agreement to Acquire Assets of Micron Industries CorporationSep 23, 2024

Summarized from public sources; check the original articles before acting on it.

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