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Trending News: 'Treat him with dignity' – Gavaskar, Chappell among 14 former captains to come out in support of Imran KhanDonkey Kong Bananza’s Next DLC In-Game Event Starts TodayEverything Our Editors Saw, Wore, Did, and Ate During NYFWWarner Bros. rejects Paramount again but asks for “best and final offer”Labour’s own goals on jobs’Wuìk̓inux̌v Nation sues B.C. over timber licence extension amid final treaty talksRaymond J. de Souza: Science doesn’t even know why rocks curlCalifornia surfing ‘king’ Kurt Van Dyke found slain in Costa RicaStatement by Prime Minister Carney on Ramadan‘Canada can broker a bridge,’ Carney says on new trading bloc efforts – NationalAnthropic releases Sonnet 4.6 | TechCrunchWhy The Busiest Airport In The World Might Not Be The One You ThinkGlobal commitment on display as countries negotiate key annex to the Pandemic AgreementVideo Late Rev. Jesse Jackson remembered by Rev. Al Sharpton at news conferenceMeet Jason Crowe Jr.: The most prolific scorer in high school basketballAvowed Celebrates Anniversary with Massive Update – and Comes to PlayStation 5Question of True Remorse When A.I. Helps Write Your Court ApologyStrike Looms at Children’s Aid Society of Toronto as Province-Wide Child Welfare Crisis Deepens3 workers rushed to hospital were trapped under collapsed porch at construction site, Hamilton police sayChina showcases humanoid robots during Lunar New YearNew Report Helps Journalists Dig Deeper Into Police Surveillance TechnologyCanada has ‘relied too heavily’ on other countries for protection, Carney saysTop DHS spokesperson to exit role amid growing outrage over Trump’s ICE raids | Trump administrationThe Top Lip Balms and Hand Creams Purchased During the Cold FreezeDeadly explosion rocks Russian military site near St Petersburg | Russia-Ukraine war NewsUK Seeks EU Allies to Help Oppose France’s ‘Made in Europe’ PushCoop, There It Is? 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Pokémon-style app for birdwatching launches | BirdwatchingEd Crane, Who Built a Libertarian Stronghold, Dies at 81This backup camera cleaner hides behind your license plateIn a desperate attempt to undo the damage of accidentally wiping their fiancée’s Red Dead Redemption 2 save, someone paid $159 to enlist Arthur Morgan’s voice actor to apologise for themGoogle Flights Shares Top Spring Break DestinationsUS markets and the economy are heading into uncharted territoryMost Canadians say inflation negatively impacting retirement plans: BMO surveyMark Carney unveils defence strategy to lessen 'dependency' on the United StatesTuesday assorted linksHere’s the fun, action-packed trailer for Mandolorian and GroguMoving People > Moving VehiclesUSA vs. Canada is the women’s Olympic hockey rematch everyone was waiting forMan jailed for mailing reptiles in popcorn bagsThe Epstein files have brought a wave of resignations and investigationsWarner Bros. reopening takeover talks with Paramount, but Netflix deal still favouredVideo Nancy Guthrie search ongoing after more than two weeksThe director of the new Resident Evil movie was allowed to do “whatever he wanted” with the IP following Weapons’ successRunning AI models is turning into a memory game‘Dracula’ Star Cynthia Erivo Reveals the Secrets of Her Bayswater BagCBSA finds 266 kg of suspected meth in duffel bags bound for CanadaMalinin talks dealing with pressurePoints and miles aren’t just for vacations — they can be a lifeline in an emergencyBudget update: New Brunswick finances worsen with province projecting a $1.3-billion deficitLunar New Year in Photos and Video: Revelers Welcome Year of the HorseSaskatoon teens charged after RCMP investigation into online account linked to ‘violent extremism’Confusion after Nepal's Jora drops catch but celebratesGuyana Plans New Gas Project ‘Very Soon’ to Diversify From OilSnapchat is rolling out creator subscriptions‘One of America’s greatest patriots’: US political leaders pay tribute to Jesse Jackson | Jesse JacksonWarner Bros. 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James Talarico interview out of fear of FCCHow to turn your foldable phone into a usable laptop replacementMore core!Jesse Jackson, civil rights leader who ran for president twice, dies at 84Render Raises $100 Million Series C Extension at $1.5 Billion Valuation to Build the Cloud for AI-Native SoftwareHere’s more on his life.Xbox Game Pass Players Lose Four More Games In February 2026‘An insult to our name’: AfD urged to stop using Simson mopeds at events | GermanyMacKinnon, Bennett miss Canada’s practice – National99% of adults over 40 have shoulder “abnormalities” on an MRI, study findsMLB Players Association head Tony Clark expected to resign, months before CBA expires, per reportMeet Team USA’s ‘Blade Angels’The Latest: Partial government shutdown over DHS oversight seems poised to drag onCanadian speed skaters Weidemann, Maltais, Blondin will compete for Olympic gold in team pursuitHammond Power Solutions buying AEG Power Solutions in all-cash dealSave 25% on hotel stays around the world with IHG flash saleApple Podcasts is getting an enhanced video experience this spring
Tue. Feb 17th, 2026

Hammond Power Solutions buying AEG Power Solutions in all-cash deal


GUELPH — Hammond Power Solutions Inc. has signed an agreement to buy AEG Power Solutions in an all-cash deal with an enterprise value of $365 million.

AEG Power Solutions is a manufacturer of industrial power electronics operating primarily across Europe and Asia.

The company has five manufacturing facilities around the world.

HPS chief executive Adrian Thomas says the deal strengthens the company’s technology foundation, expands its capabilities in power electronics and integrated electrical solutions and extends its reach across key markets.

AEG Power Solutions is expected to operate as a wholly owned subsidiary of HPS, with its leadership team expected to continue overseeing day-to-day operations.

The deal is subject to regulatory approvals and other customary conditions and is expected to close in the second quarter of this year.

This report by The Canadian Press was first published Feb. 17, 2026.

Companies in this story: (TSX:HPS.A)

The Canadian Press



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