Hubbell to acquire NSI Industries for $3B, boosting electrical solutions and growth prospects.

Hubbell Inc. announced it will acquire NSI Industries, a leading electrical products manufacturer, for $3 billion in cash. The acquisition complements Hubbell’s Electrical Solutions portfolio, targeting growth in industrial, datacenter, and network infrastructure markets. NSI is expected to generate $570 million in revenue in 2026, with the deal anticipated to increase Hubbell’s adjusted EPS and operating margins. The transaction is expected to close mid-2026, financed through cash and debt, pending regulatory approval.