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Artesyn EP Acquired by Advanced Energy
时间:2019/5/15 23:01:06 阅读413次

Advanced Energy to Acquire Artesyn Embedded Power

May 15, 2019

FORT COLLINS, Colo., May 15, 2019 (GLOBE NEWSWIRE) -- Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced that it has entered into a definitive agreement to acquire the Embedded Power business of Artesyn Embedded Technologies, Inc. (Artesyn EP) from Platinum Equity. The total consideration for this transaction will be approximately $400 million.

Artesyn EP is one of the world’s largest providers of highly engineered, application-specific power supplies for demanding applications. As a trusted technology partner to original equipment manufacturers (OEMs), it serves multiple attractive growth markets, including hyperscale data centers, telecom infrastructure in next generation 5G networks, embedded industrial power applications and medical power for diagnostic and treatment applications. 

 

For more information, contact: 

Brian Smith 
Advanced Energy Industries, Inc. 
+1 (970) 407-6555 
ir@aei.com


 
 
 
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