# 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.

- Type: Acquisition
- Announced: 2024-09-23
- Where: Sterling, Illinois, United States
- Value: $16.0M
- Status: announced
- Products: control transformers, low-voltage transformers, DC power supplies
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hammond Power Solutions Inc.](https://endata.com/companies/32112.md) (acquirer)
- [Micron Industries Corporation](https://endata.com/companies/79986.md) (target)

## Sources

- [ground.news](https://ground.news/article/hammond-power-solutions-signs-definitive-agreement-to-acquire-assets-of-micron-industries-corporation), 2024-09-23: "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."

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