Hubbell Inc., Orange, Conn., signed a definitive agreement to buy the Burndy connectors business from FCI Group for $360 million in cash. The addition of Burndy expands Hubbell’s offering in several markets, most significantly the market for high-voltage connectors and tooling for electric utility transmission and distribution operations.
Under the agreement, Hubbell and FCI parent Bain Capital are expected to close the deal by Oct. 1.
Burndy, based in Manchester, N.H., had re
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