Jabil Inc. completed a $725 million cash acquisition of Hanley Energy Group on January 2, 2026, with the announcement made on January 7, 2026. The deal includes up to $58 million of contingent consideration tied to future revenue milestones, underscoring Jabil’s confidence in the growth potential of Hanley’s power‑management portfolio.
Hanley brings a global footprint of 13 sites and dual headquarters in Ireland and the United States, and specializes in end‑to‑end power‑grid to rack‑level optimization for data‑center customers. By integrating Hanley’s expertise with Jabil’s existing thermal‑management and liquid‑cooling solutions, the company positions itself as a full‑service partner for AI‑driven hyperscalers, offering end‑to‑end power‑management across the data‑center lifecycle.
Jabil’s recent financial performance supports the strategic rationale for the acquisition. In Q4 2024, the company reported revenue of $7.0 billion and core EPS of $2.00, beating consensus estimates. Q1 2025 revenue matched the prior year at $7.0 billion, while Q1 2026 revenue rose to $8.3 billion, reflecting a strong shift toward high‑margin AI infrastructure. Management has raised its fiscal‑2026 AI‑related revenue outlook to roughly $12.1 billion, up from $9.8 billion in the previous guidance, driven by robust demand for AI workloads and the added scale from Hanley’s solutions.
Executive comments highlight the strategic fit. Matt Crowley, Jabil’s Executive VP of Global Business Units, Intelligent Infrastructure, said, “Hanley’s expertise in power systems and energy optimization complements our existing power‑management solutions and will help us deploy and service customers down to the rack level.” Clive Gilmore, CEO of Hanley Energy Group, added, “Joining forces with Jabil will supercharge our ability to deliver end‑to‑end, scalable, energy‑efficient solutions for the world’s most demanding data‑center environments.”
The acquisition aligns with broader industry trends, as infrastructure suppliers increasingly focus on power delivery to meet the constraints of AI data centers. Jabil’s recent purchase of Mikros Technologies for liquid‑cooling solutions further strengthens its thermal‑management portfolio, creating a comprehensive suite of AI‑infrastructure offerings. The company’s strong free‑cash‑flow generation—projected at over $1 billion for fiscal 2025—provides the financial flexibility to pursue such strategic investments while maintaining a solid balance sheet.
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