Advanced Energy completes acquisition of Airity Technologies to enhance power conversion solutions
06/24/24, 10:10 AM
Location
denverredwood cityIndustry
manufacturing
information technology
Advanced Energy Industries, Inc. has announced the acquisition of Airity Technologies, a provider of next-generation, high voltage power conversion products and technologies. This acquisition will enhance Advanced Energy's technology leadership and innovation in the precision power conversion market, specifically adding Gallium Nitride (GaN) based high frequency, power conversion and pulsing technologies to their portfolio.
Company Info
Location
Denver, Colorado, United States
Company info
Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in highly engineered, precision power conversion, measurement, and control solutions. With a focus on precision power, the company aims to deliver more value to its customers in industrial, medical, and semiconductor applications. Advanced Energy has a strong balance sheet with over $1.0 billion of cash on hand and low-cost debt.