Hammond Power Solutions

Hammond Power Solutions Overview

Company Headquarters: Ontario, Canada

Founded: 1917

Workforce: ~ 5,000

Company Working: Hammond Power Solutions (HPS) is a leading manufacturer of electrical transformers and related magnetic products. With a rich history spanning over a century, HPS has established itself as a trusted provider of high-quality and innovative solutions in the power distribution industry. The company offers a diverse range of transformers, including dry-type, oil-filled, and cast resin transformers, designed to meet the needs of various applications and industries. HPS places a strong emphasis on research and development, continuously striving to enhance its product offerings and technological capabilities. The company is committed to delivering reliable and efficient solutions that optimize power distribution and ensure safe operation. With a global presence, HPS serves customers across a wide range of industries, including industrial, commercial, and institutional sectors. The company's solutions are known for their durability, performance, and compliance with international standards and certifications. HPS also prioritizes sustainability and environmental responsibility, developing energy-efficient transformers and actively pursuing eco-friendly manufacturing practices.

Strategy

Hammond Power Solutions (HPS) strategically positions itself as a leader in the electrical transformer industry by focusing on product innovation, customer satisfaction, and sustainability. The company emphasizes research and development to deliver cutting-edge solutions that meet the evolving needs of customers. HPS strives to provide high-quality, reliable transformers that optimize power distribution and ensure safe operation. Customer satisfaction is a key priority, achieved through responsive service, tailored solutions, and adherence to international standards. Additionally, HPS places a strong emphasis on sustainability by developing energy-efficient transformers and implementing environmentally friendly manufacturing practices. By aligning its strategies with these pillars, HPS aims to maintain its market leadership, drive growth, and deliver value to its customers while contributing to a sustainable future.

Company Snapshot

$322.1M

Revenue

5,000

Employees

1917

Founded

Ontario, Canada

Headquarters

SWOT Analysis

Strengths

Extensive industry experience with strong employee base
Strong distribution network
High Brand Quality
Wide geographical presence

Weaknesses

Slow and steady revenue growth
High dependence on Asia, and Europe markets

Opportunities

Lower inflation rate
Rapid expansion of economy
The market development might lead to dilution of competitor’s advantage

Threats

Shortage of skilled human resources
Competition for established players

Key Developments

Date	Approach	Development
October 2022	Expansion	Hammond has expanded its presence to sell its HPS transformers products into the Mexican market. The expansion HPS grew its sales there to over USD 5.1 in 2022.
July 2021	Acquisition	Hammond Power Solutions Inc. has completed the acquisition of Mesta Electronics, Inc. (“Mesta”) in the U.S., acquiring a 100% equity ownership. Mesta is involved in the design and manufacture of standard and custom active filter and induction heating products.
July 2021	Acquisition	Hammond has acquired the Mesta business, which makes active harmonic filters (“AHF”), and induction heating products (“IH”). AHF has become an important addition to the power quality portfolio of the company leading to better sales over the foreseen period.

Product Offering

Hammond Power Solutions
- America Transformers Market

Financial Performance

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