Advanced Energy To Acquire Sl Power
04/04/22, 11:01 AM
Location
denverIndustry
manufacturing
Advanced Energy (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 SL Power Electronics Corporation, a leading provider of customized power solutions for medical and advanced industrial applications, from Steel Partners Holdings L.P. (NYSE: SPLP). The acquisition expands Advanced Energy’s medical power solution offerings by adding a complementary portfolio of products and improves its ability to meet the growing needs of industrial and medical customers.
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.
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