Ontario-based transformer manufacturer Hammond Power Solutions last week completed the acquisition of Marnate Trasformatori s.r.l. in Italy, acquiring a 100% equity ownership of its business.
The company will operate as Marnate Trasformatori s.r.l., a subsidiary of HPS. Bill Hammond, CEO, Hammond Power Solutions Inc. stated, “This company will not only expand HPS’ European presence, it also broadens our product offering and manufacturing capabilities in cast resin technology and supports HPS’ growth strategies globally. Marnate has an excellent reputation in the electrical industry for its standard and engineered to order capabilities and quality.”