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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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