What Hammond Power Solutions does

Hammond Power Solutions Inc. (HPS) is a Canadian designer and manufacturer of dry-type transformers and related magnetics, founded in 1917 and headquartered in Guelph, Ontario. The company produces standard and custom transformer solutions across low- and medium-voltage classes (up to 46kV), as well as power quality equipment including harmonic filters, reactors, sinewave motor protection filters, and active/passive harmonic compensation products. HPS maintains an engineering database of over one million designs and creates more than 9,000 custom designs annually, supported by 50+ engineers and technicians at its Guelph design center. HPS holds the position of largest dry-type transformer manufacturer in North America.

HPS operates seven manufacturing facilities across Canada (Guelph, Walkerton, Granby), the United States (Baraboo, Compton), and Mexico (Monterrey), supported by nine regional warehouses that enable 48-hour delivery of standard stocked product to 90% of customers. The portfolio serves customers in data centers, renewable energy, EV charging infrastructure, oil and gas, mining, commercial construction, and healthcare across more than 50 countries. Distribution is hybrid: direct enterprise sales offices handle custom and large accounts, while channel partners — Affiliated Distributors (618 members), IMARK (1,100+ distributors), Rockwell Automation's PartnerNetwork, and Electro-Federation Canada — provide broad mid-market reach, supplemented by the HPS E-Portal and product configurator.

The business model is anchored in quote-based hardware sales of standard catalog products and custom-engineered solutions, with pricing not publicly disclosed. HPS reported record FY2025 sales of $898.3 million (a 13.9% increase year-over-year) and Q1 2026 sales of $264.8 million (a 31.5% increase year-over-year), with record FY2025 adjusted EBITDA of $133.3 million and a backlog that grew 122% year-over-year. HPS is publicly traded on the Toronto Stock Exchange under ticker HPS.A and is currently executing the announced C$365 million all-cash acquisition of AEG Power Solutions (expected to close in Q2 2026), which will add approximately C$326 million in annualized revenue, 780+ employees, and five manufacturing facilities across Europe and Asia.

Name

Hammond Power Solutions

Legal name

Hammond Power Solutions Inc.

Website

https://hammondpowersolutions.com

Company type

Public

Founded year

1917

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hammond Power Solutions is a Canadian designer and manufacturer of dry-type transformers and power quality products serving data centers, renewable energy, EV charging, and industrial customers across North America via direct sales and distributor networks.

Ownership category

akta.pro rank

Product category

Electrical Transformers and Power Magnetics

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311)

SIC

Power, Distribution & Specialty Transformers (3612), Electronic Coils, Transformers & Other Inductors (3677), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Transformers (Power, Distribution, Instrument, Specialty) (IMAGAAAA)

akta.pro secondary industry

Power Transformers, Reactors & Auxiliary Power Systems (EUADACAJ)

Keywords

• Dry-type transformers
• Power quality products
• Harmonic filters
• Reactors and magnetics
• Medium voltage distribution

Headquarters

HQ city

Guelph

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Standard Dry-Type Transformers: Manufacture and sale of standard dry-type transformers including control transformers, drive isolation transformers, distribution transformers, and specialty transformers. Products are sold to industrial customers, commercial builders, and utilities.
2. Custom Transformers: Design and manufacture of custom transformer solutions for unique applications. HPS has over 1 million designs in database and creates 9,000+ custom designs annually. Supports OEM partners with tailored solutions.
3. Power Quality Products: Sale of power quality equipment including harmonic filters, reactors, and related products that address electrical quality issues in facilities
4. Strategic Investment Returns: Returns from strategic investments in complementary technology companies like SmartD Technologies, co-leading financing rounds to accelerate deployment of complementary technologies

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Hammond Power Solutions designs and manufactures dry-type transformers, reactors, and related magnetics for industrial and commercial electrical power distribution. The portfolio spans control and automation products, power quality and filter solutions, low voltage and medium voltage distribution transformers, specialty transformers, plus custom and OEM products. The company is the largest dry-type transformer manufacturer in North America and produces over 9,000 custom designs annually from an engineering database of more than 1 million designs.

Product overview

Hammond Power Solutions (HPS) is a manufacturer specializing in dry-type transformers and magnetics for industrial and commercial applications. The product portfolio includes five main product categories: Control & Automation (control transformers, drive isolation transformers, dV/dT filters, motor starting autotransformers, reactors, sinewave filters), Power Quality & Filters (active and passive harmonic filters, harmonic mitigating transformers), Low Voltage Distribution (autotransformers, buck-boost transformers, encapsulated transformers, EV charging transformers, general purpose transformers, K-factor rated transformers, smart transformers, solar duty transformers), Medium Voltage Distribution (cast resin transformers up to 35kV, VPI transformers, smart transformers), and Specialty products (buck-boost transformers, low voltage lighting transformers, mini power centers). The company also offers Custom Products and OEM Products for bespoke applications. HPS operates manufacturing facilities in Canada (Guelph, Walkerton, Baraboo, Granby) and the United States (Monterrey, Compton), with approximately 1,200 employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Control Transformers Transformers designed for control and automation applications, providing isolated power for control circuits in industrial equipment.
• Drive Isolation Transformers Transformers that isolate variable frequency drives (VFDs) from the mains supply, protecting against voltage spikes and harmonic distortion.
• dV/dT Filters Filters that protect motor windings from rapid voltage transients (high dV/dT) generated by VFDs.
• Motor Starting Autotransformers Autotransformers designed for reduced-voltage starting of three-phase motors to minimize inrush current.
• Reactors Inductors used for current limiting, power factor correction, and harmonic mitigation in electrical systems.
• SineWave Motor Protection Filters Filters that produce sinusoidal voltage waveforms to protect motors from harmonic distortion and VFD-induced stress.
• Active Harmonic Filters Electronic devices that dynamically compensate for harmonic distortion by injecting compensating currents.
• Harmonic Mitigating Transformers Transformers designed to reduce harmonic currents and neutral wire overheating in power distribution systems.
• Passive Harmonic Filters LC filter circuits that attenuate specific harmonic frequencies in electrical systems.
• Autotransformers Single-winding transformers used for voltage adjustment, motor starting, and power distribution.
• Buck-Boost Transformers Small autotransformers used to adjust line voltage to match equipment requirements (raise or lower voltage by 10-20%).
• Encapsulated Transformers Transformers with epoxy-encapsulated windings for protection against dust, moisture, and harsh environments.
• EV Charging Distribution Transformers Transformers specifically designed and rated for electric vehicle charging station applications.
• General Purpose Transformers Standard transformers for general industrial and commercial power distribution applications.
• K-Factor Rated Transformer Transformers rated for nonlinear loads (high harmonic content) typical of IT equipment and UPS systems.
• Smart Transformers Transformers equipped with real-time monitoring and digital connectivity for modernizing power grids.
• Solar Duty Transformer Transformers designed for solar photovoltaic installations with enhanced thermal and environmental ratings.
• Cast Resin Transformers (Up to 35kV Class) Medium voltage dry-type transformers with cast epoxy resin insulation for indoor and outdoor applications up to 35kV.
• VPI Transformers (5kV, 35kV, 46kV) Medium voltage transformers using Vacuum Pressure Impregnation (VPI) process available in 5kV, 35kV, and 46kV classes for high voltage applications.
• Low Voltage Lighting Transformers Transformers for low voltage lighting applications, providing step-down voltage for lighting systems.
• Mini Power Centers Compact, integrated power distribution units combining transformers and protection in a space-saving design.
• Custom Products Bespoke transformer and power quality solutions designed and manufactured to customer specifications, leveraging over 1 million designs in HPS's engineering database.
• OEM Products Original equipment manufacturer products designed for integration into customers' own equipment and systems.

Quantifiable outcome

• Record sales of $898 million in 2025, 13.9% increase year-over-year
• +3 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Affiliated Distributors (AD)coreChannel Partner/ Reseller/ DistributorAD is a community of 618 independently owned distributors and manufacturers serving construction and industrial markets. HPS participates as a manufacturer partner helping build brands, introduce products, and establish customer relationships.
• IMARK GROUP Inc.coreChannel Partner/ Reseller/ DistributorIMARK GROUP is a member-owned marketing group with over 1,100 independently owned electrical distributors throughout the US. HPS works with IMARK members to satisfy end customers while maximizing profitability and market share.
• Rockwell Automation PartnerNetworkcoreChannel Partner/ Reseller/ DistributorHPS is a Bronze Encompass Product Partner Americas - EMEA in Rockwell Automation's PartnerNetwork program, providing global manufacturers access to automation solutions through collaborative network.
• Electro-Federation Canada (EFC)coreChannel Partner/ Reseller/ DistributorEFC provides a nucleus for Canadian electrical, consumer electronics, appliance and telecommunications markets. HPS is a member gaining competitiveness representation on industry issues and opportunities.
• National Electrical Manufacturers Association (NEMA)minorOthersNEMA represents a global network of over 400 businesses manufacturing products used in generation, transmission, distribution, control and end-use of electricity. HPS is a member participating in technical standards development and industry advocacy.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ERMCO: ERMCO is a North American manufacturer of dry-type and cast resin transformers serving industrial, commercial, and utility markets. Closely comparable to HPS as a specialized transformer manufacturer with overlapping product lines and North American manufacturing footprint.
• Jefferson Electric: Jefferson Electric manufactures dry-type transformers including distribution, encapsulated, and buck-boost designs for commercial, industrial, and OEM customers. Comparable to HPS as a focused North American transformer specialist with similar product categories and distribution model.
• Powersmiths International: Powersmiths designs and manufactures transformers and power quality solutions, including harmonic-mitigating transformers and energy-efficient dry-type products, for commercial, healthcare, and data center customers. Comparable to HPS in power quality focus and emphasis on energy efficiency and custom transformer design.

Broad incumbents

• Hubbell Incorporated: Hubbell manufactures electrical products including transformers, switchgear, and utility products sold through electrical distributors serving construction, industrial, and utility markets. Comparable to HPS in distribution channels and end-market exposure, with broader product breadth and higher revenue scale.
• ABB: ABB is a global electrification and automation leader producing power and distribution transformers, switchgear, and grid solutions for utilities, industrial, and infrastructure customers. Comparable to HPS in transformer manufacturing and target end-markets, with substantially greater scale and a global manufacturing footprint.
• Eaton Corporation: Eaton is a diversified power management company whose Electrical Americas segment manufactures and sells dry-type and other transformers, switchgear, and power distribution products to industrial, data center, utility, and commercial customers. Highly comparable to HPS in core transformer offerings and end-market exposure, with much broader scale and product portfolio.
• Schneider Electric: Schneider Electric is a global energy management and automation leader with a transformer portfolio serving data centers, utilities, and industrial customers. Comparable to HPS in transformer and power distribution solutions, though Schneider operates at vastly greater scale and across the full electrical value chain.
• GE Vernova: GE Vernova is a global power and electrification business offering grid solutions including transformers and power conversion equipment to utilities and industrial customers. Comparable to HPS in transformer products and grid/end-market exposure, with substantially larger scale and broader technology portfolio.
• nVent Electric: nVent Electric manufactures electrical connection and protection solutions including enclosures and components for industrial and infrastructure applications. Comparable to HPS as a publicly traded North American electrical equipment company with industrial/utility exposure and similar mid-cap scale.
• Siemens: Siemens, through its Smart Infrastructure and related businesses, manufactures transformers and power distribution equipment for industrial, data center, and utility customers globally. Comparable to HPS in transformer products and key verticals (data centers, renewables), with a much broader portfolio including automation and digitalization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hpstransformers
• YouTubeyoutube.com/channel/UCnDuv4rIUy-jZSFNqt1A3Qg
• Facebookfacebook.com/HammondPowerSolutions
• LinkedInlinkedin.com/company/hammond-power-solutions

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hammond Power Solutions