ORANGE, Conn.--(BUSINESS WIRE)--Oct. 2, 2007--Hubbell Incorporated (NYSE: HUBA, HUBB) today announced the acquisition of closely-held PCORE Electric Company, Inc. Financial terms were not disclosed.
Based in LeRoy, New York, PCORE is the leading independent manufacturer of high voltage condenser bushings. These products are used in the electric utility infrastructure to provide safe passage of electricity into and out of transformers. PCORE products cover applications from 15,000 to 500,000 volts.
"PCORE is an exceptional addition to Hubbell's Power Systems segment," said Timothy H. Powers, President and CEO of Hubbell Incorporated. "With the capability to manufacture more than 2500 designs, certified supplier status to every utility in the U.S. and Canada, and its leading brand name in a growing market, it will substantially contribute to future growth. We are especially pleased that Yavuz Erkan and his senior management team with more than 65 years of combined experience will continue to direct PCORE's growth."
Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, residential, utility, and telecommunications markets. With 2006 revenues of $2.4 billion, Hubbell Incorporated operates manufacturing facilities in the U.S., Canada, Puerto Rico, Mexico, Italy, Switzerland, Brazil, Australia and the United Kingdom, participates in joint ventures in Taiwan and the People's Republic of China, and maintains sales offices in Singapore, Hong Kong, South Korea, the People's Republic of China, Mexico, and the Middle East. The corporate headquarters is located in Orange, CT.
CONTACT: Hubbell Incorporated Thomas R. Conlin, 203-799-4100 SOURCE: Hubbell Incorporated