Hubbell to acquire NSI for $3B, boosting its electrical solutions amid electrification demand.

Hubbell Incorporated announced a $3 billion cash deal to acquire NSI Industries, a provider of electrical fittings and components, aiming to strengthen its Electrical Solutions segment. The acquisition, expected to close mid-2026, aligns with rising electrification trends and is projected to be accretive to Hubbell's adjusted earnings per share in 2026. Hubbell plans to finance the purchase with cash and debt, supported by bridge financing from major banks. This move supports Hubbell's strategy to expand its core electrical infrastructure offerings amid growing demand in light industrial, data centers, and network infrastructure sectors.