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Greenlee, a company of Textron Co. (NYSE: TXT), Providence, RI, has acquired HD Electric Co., a Waukegan, IL-based manufacturer of power utility products. HDE provides products and solutions which test, measure and control electric power.
“The addition of HD Electric expands and strengthens our capabilities in the power utility segment,” said Scott Hall, president of Textron's industrial eegment and Greenlee.
HD Electric specializes in test and measurement, controls and system monitoring, safety and specialty products for the electric power industry. The company employs 38 people and will join the Greenlee family of brands alongside Greenlee, Klauke, Greenlee Communications and Sherman + Reilly.
HD Electric is Greenlee's second acquisition in the last six months. Earlier this year, Greenlee acquired Sherman + Reilly, a provider of heavy pulling products for distribution and transmission power utility applications.