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Tue. Feb 17th, 2026

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Trending News: Canada has ‘relied too heavily’ on other countries for protection, Carney saysGotta watch ‘em all? 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. Discovery restarts takeover talks with Paramount SkydanceThe Journal for AI Generated PapersMuppet Treasure Island’s PC game was almost the turning point for Muppet video gamesPrime Minister Carney launches Canada’s first Defence Industrial Strategy to strengthen security, create prosperity, and reinforce strategic autonomyWhy I Don’t Blindly Trust Google’s ‘Verified’ Badge When Shopping for VPNsJesse Jackson, civil rights icon, dies at age 84The trade conflict hasn’t derailed supply chains. Here’s why.How this particular jacket released for Lunar New Year became a global It item Toronto wantsNervous Pakistan face Namibia with final Super Eight spot on the line5 Celebrities Who Have A Pilot LicenseZara’s Polka Dot Jacket Is Back In StockStephen Colbert says CBS didn’t air Rep. 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 springLaura Wasser Partners With Reformation for Post-Valentine’s Day CollabCan Rachel Reeves solve the Bank of England’s inflation problem? Colbert accuses Trump administration of censorship after CBS pulls interview | Stephen ColbertIntroducing the WordPress AI Assistant — Now Built Into WordPress.comWATCH: Reverend Jesse Jackson has died at age 84Microsoft Announces Xbox Game Pass February 2026 Wave 2 Lineup, Including Witcher 3 and Kingdom Come Deliverance 2Negotiators for US and Iran Hold Key Nuclear TalksHow to watch Team USA compete in the women’s figure skating short program at the 2026 Winter OlympicsInflation ticks down to 2.3% in January amid lower gas prices: StatCan12-hour days, no weekends: the anxiety driving AI’s brutal work culture is a warning for all of us | AI (artificial intelligence)Authenticity, cultural sensitivity key to Lunar New Year campaigns in B.C.Why are Liberals attacking efforts to end Trump’s tariff war?Russia presses demands, and faces pressure, as Ukraine talks move to GenevaAs portables arrive in Tumbler Ridge, B.C., expert says feeling safe a priorityLook Back at His CareerThe new Anker 45W Nano charger with smart display is $10 off right nowDubai Airports CEO Urges Heathrow To “Get On With” Third Runway & Capacity GrowthReactions to the death of the Rev. Jesse JacksonCanada’s annual inflation rate edged down to 2.3% in January with decline in gas pricesJesse Jackson remembered as “role model for a generation” and for his impact on politicsBukayo Saka signs new five-year deal at ArsenalThe Rogue Prince Of Persia Spring Roadmap Reveals Two Upcoming Free Major UpdatesSofia Richie’s Cream Trousers are the Chicest Alternative to JeansNova Scotia’s lung screening program finds dozens of cancer cases in first 2 yearsThe Download: The rise of luxury car theft, and fighting antimicrobial resistanceIlia Malinin admits he was not ‘ready to handle’ Olympic pressureParents of Some Winter Olympians Face Extreme Fear as Their Children CompeteJesse Jackson was ‘direct connection to great civil rights era’, says Diane Abbott | Jesse JacksonStatement by Prime Minister Carney on Lunar New YearPsyence BioMed Announces Results of Annual and Special Meeting of ShareholdersOur Ultimate Alexa Command List: 200+ Voice Commands for Echos and Smart HomesHow an alleged Ponzi scheme unravelled + murder inside children's aid office sparks inquest callsHow Jesse Jackson Inspired Generations of Black DemocratsJudge frustrated by slow winter; says Yanks now in good spotComing to Xbox Game Pass: Kingdom Come Deliverance II, The Witcher 3: Wild Hunt, EA Sports College Football 26, and More!Sheremetyevo Buys Domodedovo At Auction For Approx $880MOlympian Ilia Malinin Reflects on His ‘Mistakes’ in Men’s Free SkateThe injustice in Chagos continues | Donald TrumpPolitics and its Discontents: Some Editorial ReflectionsCanada Inflation Edges Down to 2.3% as Gasoline Prices SlowOn the map: New Yorkdale project focuses on long-term renters  Laurie Spiegel on the difference between algorithmic music and ‘AI’
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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