Jabil said on November 4 that it has agreed to acquire Hanley Energy Group. The Ireland- and US-based company provides energy management and critical power systems for data centers. The deal is valued at about US$725 million in cash plus up to US$58 million in contingent payments tied to future revenue performance.
The acquisition strengthens Jabil's growing presence in data center infrastructure. This comes as demand surges for energy-efficient and reliable power systems driven by artificial intelligence workloads. The transaction is expected to close in the first quarter of 2026, pending regulatory approvals and customary conditions.
Hanley Energy's first-year annualized revenue is projected to range between US$350 million and US$400 million. This is supported by mid- to high-teen EBITDA margins and sustained double-digit growth. The company operates across Ireland and North America. It designs and commissions turnkey power solutions for hyperscale and co-location data centers.
Jabil leadership cites strategic fit, strong earnings
"Hanley Energy Group has established itself as a global innovator in critical power and energy management, with exceptional engineering talent across Ireland and North America," said Ed Bailey. Bailey is Jabil's senior vice president and chief technology officer of Intelligent Infrastructure. "Its expertise in mission-critical power solutions, from the grid to the hyperscale data center, complements Jabil's expanding capabilities in AI data center infrastructure."
Matt Crowley, Jabil's executive vice president of global business units, said the acquisition aligns with the company's broader strategy. Jabil aims to expand in the data center space by offering customers integrated design, manufacturing, deployment, and support capabilities.
Jabil, a major manufacturing and engineering services provider, reported fiscal 2025 revenue of US$29.8 billion, up 3.1% from a year earlier. Its fiscal fourth-quarter sales rose 18.4% to US$8.25 billion, topping forecasts. Adjusted earnings per share reached US$3.29. Analysts at Stifel recently reiterated a Buy rating with a US$245 price target, citing Jabil's growing role in AI infrastructure. UBS maintained a Neutral rating at US$230.
Board changes announced as company expands AI focus
The company also declared a quarterly dividend of 8 cents per share. It announced that three board members, including Executive Chairman Mark Mondello, will step down at the January 2026 annual meeting.
In parallel with the Hanley deal, Jabil has deepened its technology partnerships. This includes a recent collaboration with Axiado Corp. to develop AI-driven cybersecurity systems for servers. With Hanley's addition, Jabil aims to deliver more energy-efficient, secure, and scalable power management solutions to global data center customers.
Article edited by Jack Wu
