Jabil Acquires Hanley Energy Group to Support AI Data Center Power Management

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan 5, 2026--

Jabil Inc. (NYSE: JBL), a global leader in engineering, supply chain, and manufacturing solutions provider, today announced the successful acquisition of Hanley Energy Group, a provider of energy management and critical power solutions serving the data center infrastructure market.

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The acquisition was completed Jan. 2, 2026, for approximately $725 million plus contingent consideration up to $58 million, subject to achieving future revenue thresholds, in an all-cash transaction. TM Capital served as Hanley Energy Group’s exclusive financial advisor in the transaction, and UBS Investment Bank acted as Jabil’s financial advisor.

“We're excited to welcome Hanley Energy Group and their extensive expertise in power systems and energy optimization to the Jabil team,” said Matt Crowley, Jabil’s Executive Vice President of Global Business Units, Intelligent Infrastructure. “Their know-how and capabilities complement Jabil’s existing power management solutions for data centers and will help us deploy and service them down to the rack level.”

“Data center power management will only become more critical as hyperscalers ramp the availability of their AI technologies. This acquisition of Hanley Energy Group, coupled with our growing thermal management capabilities, aligns well with Jabil’s strategy to deliver custom solutions for the world’s AI leaders across the data center lifecycle,” said Ed Bailey, Jabil’s SVP and Chief Technology Officer, Intelligent Infrastructure.

Founded in 2009, Hanley Energy Group’s footprint has grown to 13 locations across the globe, with a stable of world-class engineers shared between its European headquarters in Stamullen, Ireland, and U.S. headquarters in Ashburn, Virginia. Its 850 employees support the design, development, supply, installation, and commission of turnkey, mission-critical power and energy management solutions from the power grid to the data center rack. Hanley Energy Group guides customers through the challenges of technology transformation, enabling them to realize new operational efficiencies underpinned by lifecycle management, service, and maintenance.

“Joining forces with Jabil will supercharge our ability to deliver end-to-end, scalable, and energy-efficient solutions for the world’s most demanding data center environments,” said Clive Gilmore, Hanley Energy Group CEO. “Our customers will benefit from the expanded reach of Jabil’s global manufacturing footprint and supply chain, access to broader capabilities across the data center lifecycle, and opportunities for sustainable growth to meet the evolving needs of AI hyperscalers. Our incredible people at Hanley Energy Group have made this moment possible and will carry forth our legacy as part of the Jabil team.”

"This is more than an acquisition. It’s a catalyst for the future of data center power management,” said Dennis Nordon, Hanley Energy Group Managing Director. “By joining with Jabil, we are positioned to lead the charge in delivering intelligent, sustainable solutions that empower hyperscalers to unlock the full potential of AI. Our shared vision is to create resilient, energy-optimized infrastructures that drive innovation for decades to come."

For more information, please visit https://hanleyenergy.com/.

Forward-Looking Statements: This release contains forward-looking statements about, among other topics, Jabil’s acquisition of Hanley Energy Group. The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Forward-looking statements could be affected by the following factors, among others, related to the completed transaction: risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the transaction making it more difficult to maintain business and operational relationships; negative effects of the consummation of the acquisition on the market price of Jabil’s common stock and/or operating results; significant transaction costs; unknown liabilities; and other business effects and uncertainties, including the effects of industry, market, business, economic, political or regulatory conditions. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2025, and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements.

About Jabil:

At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With over 50 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.

Hanley Energy Group's North American headquarters in Ashburn, Virginia.

Hanley Energy Group designs, develops, supplies, installs, and commissions turnkey, mission-critical power and energy management solutions from the power grid to the data center rack for customers around the world.

CARACAS, Venezuela (AP) — When explosions erupted by night in Venezuela’s balmy capital, 21-year-old Mariana Camargo dashed through the streets of eastern Caracas.

It was at 2:05 in the morning and, as explosions boomed in the background, Associated Press photographer Matías Delacroix was on the street snapping what would become one of the first images of the American military operation in Venezuela.

Days later — after Venezuelan President Nicolás Maduro was replaced by his vice president following his capture by the Trump administration — Camargo and Delacroix found a moment of calm at the same place the emblematic photo was taken.

“A woman arrived in a big truck and she screeched to a stop and said ‘kids what are you doing here, go home they’re bombing!” Camargo remembered. “We were like nine people and we were like ‘Well, let’s run.’ We started to run and passed by here.”

The images show Camargo in a white shirt and jeans, sprinting through the street, with fear and urgency painted on her face, with a group of her friends running behind her. She said she clocked Delacroix standing to the side as he took the photo.

It was that emotion that caught the eye of Delacroix, who minutes earlier awoke to the rumbling sound of American strikes, grabbed his camera and ran onto the street toward the explosions. It was there, with the sound of military aircrafts overhead, that the two crossed paths: one person running away from the blasts and one running toward them.

“What caught my attention was how you were running, with your cellphone and clearly scared. I have photos of your friend that was behind you, but between the two photos, yours was the one that expressed the most what was happening,” said Delacroix to Camargo as they flipped through the photos.

As the photograph proceeded to paint the front pages and websites of the world’s biggest media, capturing a moment set to transform the hemisphere, Camargo’s friends began to see her and write her in their WhatsApp group message.

“Am I tripping or is that Nana Mariana???” asked one of her friends, posting a picture of the photo. (In Venezuela, Nana is a nickname for Mariana.)

“IT IS NANA!” another friend wrote shortly after.

The photo slowly became a joke in her friend group and even turned into a meme with the words “the gringos have arrived!” written over it. Camargo laughed as she scrolled through the messages.

“Now I laughed, and I laughed when I saw the photo. My mom laughed, my friends too. They made stickers and memes and all that," Camargo said. "But I still see the videos of what happened that day, of the explosions, I hear the sounds and I still feel this sense of panic."

On Sunday, a day after the strikes and as chaos, Camargo wrote to Delacroix over his Instagram account, asking if he had more photographs of the moment.

When they met up on Tuesday, chatting on the street, the two parted with a hug.

“Crazy things always happen to me,” she said with a laugh. “Of course I end up on the street during a bombing and I go viral. It’s nuts.”

——

Associated Press reporter Megan Janetsky contributed to this report from Mexico City.

Mariana Camargo poses for a photo in the Altamira neighborhood of Caracas, Venezuela, Tuesday, Jan. 6, 2026. (AP Photo/Matias Delacroix)

Pedestrians run after explosions and low-flying aircraft were heard in Caracas, Venezuela, Saturday, Jan. 3, 2026. (AP Photo/Matias Delacroix)