AEIS - Advanced Energy To Acquire Embedded Power Division Of Artesyn
Quick Take
Advanced Energy Industries (AEIS) announced it has agreed to acquire the Embedded Power business of Artesyn Embedded Technologies for $400 million.
Artesyn’s EP operations consist of the design and development of application-specific power supplies for demanding applications.
With the deal for Artesyn EP, AEIS is continuing to execute on its diversification strategy while seeking to expand its addressable markets.
Target Company
Tempe, Arizona-based Artesyn was founded in 1968 and its EP wing is tasked with the engineering and manufacturing of application-specific power supplies for embedded industrial power and medical applications, hyperscale