Hubbell Inc. to acquire Aclara from Sun Capital

Hubbell Inc. recently announced it has entered into a definitive agreement to acquire Aclara Technologies LLC, an affiliate of Sun Capital Partners, Inc., for approximately $1.1 billion in an all-cash transaction.

The transaction strengthens and broadens Hubbell Power Systems’ competitive position across utility markets. The acquisition will combine the complementary strengths of Aclara and Hubbell Power Systems, providing the opportunity to integrate Aclara’s strong customer relationships and smart infrastructure solutions into the Hubbell portfolio and accelerate ongoing innovation efforts to address utility customer demand for data and integrated solutions.