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Company Overview

Hammond Power Solutions Inc. (TSX: HPS.A) is a North American leader for the design and manufacture of dry-type custom electrical engineered magnetics, electrical dry-type and cast resin transformers. Leading edge engineering capabilities, high quality products, and responsive service to customers’ needs have all served to establish HPS as a technical and innovative leader in the electrical and electronic industries.

Transformers are a necessary part of industry whether it is in mining, manufacturing, oil and gas, steel, waste and water treatment or wind power; HPS transformers are the dominant brand sourced for some of the most unique applications, in the harshest environments, in the most remote countries around the world.

HPS has operations in Canada, the United States, Mexico, Italy and India.

Company Milestones

2018

HPS acquired the remaining 15% economic interest of Hammond Power Solutions Private Limited from a minority shareholder

2017

Hammond Power Solutions Inc. celebrates 100th anniversary
HPS sells the VPI portion of its Italian operation

2014

Hammond Power Solutions Inc. announces joint venture agreement with National Material LP

2013

Acquisition of Marnate Trasformatori s.r.l. in Varese, Italy

2011

Acquisition of Pan-Electro Technic Enterprises in Hyderabad, India
Acquisition of Euroelettro Hammond S.p.A. in Vicenza, Italy

2010

Expansion of manufacturing capacity at Guelph, Ontario operation

2009

Expansion of manufacturing capacity and warehousing at Granby, Quebec operation

2008

Start-up of second manufacturing facility in Mexico
New logistics centre in Canada
Acquisition of Delta Transformers Inc. (largest Canadian competitor)

2007

The Company celebrates 90 years

2001

HPS was created when the original company split into two strategic and separate entities
HPS ventures into Mexico with the construction of a state-of-the-art facility in Monterrey

1917

Hammond Manufacturing founded in 1917 where tube radios were manufactured until 1927 when the company began building transformers