Clyde & Co advises shareholders of AEG Power Solutions on sale to Hammond Power Solutions Inc.

A Clyde & Co team led by Eva-Maria Barbosa and Adriaan Louw advises the shareholders of AEG Power Solutions B.V., Coltrane Asset Management and Robus Capital, on the sale of all outstanding equity in AEG Power Solutions to Hammond Power Solutions Inc. (“HPS”), a leading provider of dry-type transformers and power quality solutions.

Headquartered in the Netherlands, AEG Power Solutions is a leading global manufacturer of mission critical industrial power electronics serving a diverse set of markets, including oil & gas operations, power generation, industrial processes, transportation, nuclear and other critical infrastructures. Operating primarily across Europe and Asia, AEG Power Solutions employs more than 780 professionals and operates five manufacturing facilities worldwide. The shareholders, Coltrane Asset Management, headquartered in New York, and Germany-based Robus Capital, are alternative investment managers focused on private credit and special situations investments.

HPS, headquartered in Guelph, Ontario, Canada, is the largest dry-type transformer manufacturer in North America supporting clients in various industries such as renewable energy, industrials and data centers, and operates manufacturing facilities throughout Canada, the United States, Mexico, and India.

The proposed acquisition is expected to strengthen both companies’ portfolio, market reach, and long-term growth profile. Upon completion, AEG Power Solutions will operate as a wholly owned subsidiary of HPS, with its leadership team expected to continue overseeing day-to-day operations.

The transaction, valued at approximately €226 million, is expected to complete in the second quarter of 2026 subject to regulatory approvals and other customary conditions.

The Clyde & Co team advising Coltrane Asset Management and Robus Capital was led by Partner Eva-Maria Barbosa and Counsel Adriaan Louw (both Corporate/M&A, Munich).

The team further comprised:

Partners: Julie Cornély (Paris), Luis García (Madrid), Mohammed Almarzouki (Jeddah), Philip O’Riordan (Dubai), Thomas Choo (Singapore), Fei Kwok (Hong Kong, all Corporate/M&A)

Counsel / Legal Director: Kai Yong Tan (Corporate/M&A, Singapore)

Senior Associates: Thora Rock, Victor Gontard (both Munich), Marina Arancón (Madrid), Kinshuk Kislaya (Dubai), Bernadette How (Singapore), Yangliu Sh (Shanghai), Wen Zhu (Beijing, all Corporate/M&A)

Associates: Jasmine Zamprogno, Lucia Kösters, Ruth Lauterbach, Christoph Stöger (all Munich), Manon Oravec (Paris), Marina Sanjuán (Madrid), Wei Sin Bong, Heather Lim (both Singapore, all Corporate/M&A)

Professional Support Lawyer: Urmika Mani (Dubai)