(Reuters) -Hubbell said on Tuesday it will acquire smaller peer DMC Power for $825 million in cash, as the electrical equipment maker bolsters its critical components portfolio to meet an expected boom in power demand.

DMC designs and makes connector technology systems for high-voltage power infrastructure, and complements Hubbell’s existing substation and transmission connector solutions, the acquiring firm said.

Growing demand for artificial intelligence has fueled investments into modern data centers, in turn boosting the requirement for power infrastructure and components, and benefiting manufacturers like Hubbell and DMC Power.

“As load growth, datacenter buildouts and aging infrastructure drive highly visible utility substation and transmission investment over the next several yea

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