Hammond Power Solutions Inc. Completes Acquisition of Mesta Electronics, Inc.
Posted: Jul 26,2021
Guelph, Ontario, July 23, 2021 – Hammond Power Solutions Inc. (“HPS”) today acquired a 100% equity ownership of Mesta Electronics Inc. (“Mesta”), a company in the United States. Mesta is involved in the design and manufacture of standard and custom active filter and induction heating products.
Mesta will operate as Mesta Electronics Inc., a subsidiary of Hammond Power Solutions, Inc. Mesta’s annual revenues are expected to be approximately CDN$5,000,000.
Bill Hammond, Chief Executive Officer of HPS stated, “We are very pleased with the Mesta acquisition. This company broadens our product offering and manufacturing capabilities in power quality solutions. Mesta has an excellent reputation in the electrical industry for its standard and engineered to order capabilities and quality.”