Flex Acquires Electrical Power Products, Inc. (EP2) for $1.1 Billion

TotalEnergies Acquires 50% Stake in EPH’s Flexible Power Platform

November 17, 2025

Energy

TotalEnergies has signed an all-stock transaction with Energetický a průmyslový holding (EPH) to acquire a 50% stake in EPH’s flexible power generation platform valued at €10.6 billion. The resulting 50/50 joint venture includes gas-fired, biomass, and battery assets across Italy, the United Kingdom, Ireland, the Netherlands, and France, supporting TotalEnergies’ “Integrated Power” strategy and gas-to-power integration.

Flex Acquires Crown Technical Systems

November 20, 2024

Manufacturing

Flex (NASDAQ: FLEX) completed its $325 million all-cash acquisition of Crown Technical Systems, a designer and manufacturer of power distribution and protection systems. The deal expands Flex’s critical power portfolio into utility power and modular data center markets and adds an expected ~$120 million revenue business to its Industrial Business unit.

Eaton Acquires Royal Power Solutions from Industrial Growth Partners

January 5, 2022

Manufacturing

Eaton has acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components, from Industrial Growth Partners for $600 million. The acquisition strengthens Eaton's position in electrification end markets (e.g., eMobility, energy management and industrial markets) and adds manufacturing capacity and product capabilities.

Citadel to Acquire FlexPower

October 13, 2025

Energy

Citadel has entered into a definitive agreement to acquire 100% of Hamburg-based power trading and renewable energy risk management firm FlexPower. The deal is expected to close in the fourth quarter of 2025, subject to customary closing conditions, and combines Citadel Commodities’ risk management and analytics with FlexPower’s renewable trading expertise.

Dycom Industries to Acquire Power Solutions in $1.95 Billion Deal

November 20, 2025

Industrial Services

Dycom Industries has entered into a definitive agreement to acquire Power Solutions for a total valuation of $1.95 billion. The transaction is expected to close before the end of Dycom’s fiscal year, pending customary approvals, and will expand Dycom’s presence in mission-critical data center infrastructure through Power Solutions’ electrical contracting capabilities.

Electric Power Engineers Acquires Estudios Eléctricos

January 29, 2026

Energy

Electric Power Engineers (EPE), a global advisory and engineering firm headquartered in Austin, Texas, has acquired Estudios Eléctricos, a South American power systems engineering firm founded in Argentina with teams in Argentina, Chile and Colombia. The acquisition expands EPE's grid-planning and software-enabled capabilities across Latin America and advances the firm's regional presence and service offerings to utilities, developers, data centers and public-sector clients.