Hubbell Incorporated Completes Acquisition of Systems Control
12 Dicembre 2023 - 10:25PM
Hubbell Incorporated (NYSE: HUBB) (“Hubbell”) today announced that
it has completed its acquisition of Northern Star Holdings, Inc.
(commercially known as Systems Control), a portfolio company of
Comvest Partners. Hubbell financed the acquisition and related
transactions with net proceeds from borrowings under a new
unsecured term loan facility in the aggregate principal amount of
$600 million, cash on hand, and issuances of commercial paper.
Systems Control is a leading manufacturer of
substation control and relay panels, as well as turnkey substation
control building solutions. These highly engineered offerings are
mission-critical to grid reliability, enabling utility customers to
protect and control substation infrastructure while detecting
faults and controlling the flow of electricity.
About Hubbell
Hubbell Incorporated is a leading manufacturer of utility and
electrical solutions enabling customers to operate critical
infrastructure safely, reliably and efficiently. With 2022 revenues
of $4.9 billion, Hubbell solutions electrify economies and energize
communities. The corporate headquarters is located in Shelton,
CT.
Grafico Azioni Hubbell (NYSE:HUBB)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Hubbell (NYSE:HUBB)
Storico
Da Gen 2024 a Gen 2025
