PFCL201C-10KN On April 4, Advanced equipment power supplier AdvancedEnergy Industries announced that it has entered into a definitive agreement to acquire SL Power Electronics, Inc. Steel Partners Holdings is a leader in providing customized power solutions for medical and advanced industrial applications. The acquisition expands Advanced Energy’s medical power solutions offering by adding complementary product portfolios and enhances its ability to meet the growing needs of industrial and medical customers.

Based in Calabasas, California, SL Power is a leading provider of power conversion solutions for medical and advanced industrial applications. With more than 60 years of experience in the Power industry, SL Power provides leading medical and advanced industrial original PFCL201C-10KN equipment manufacturers with a broad portfolio of standard, modified standards and custom solutions that deliver superior performance to meet the stringent requirements of mission critical applications.

Steve Kelly, President and CEO of Advanced Energy, said: “The addition of SL Power expands our offering for industrial and medical applications. I believe SL Power’s strong customer base, complementary product portfolio and highly skilled team make it an ideal fit for Advanced Energy.”

Under the terms of the share purchase agreement, AE will pay a base purchase PFCL201C-10KN price of $144.5 million on a cashless, debt-free basis, subject to customary adjustments to working capital at closing. Advanced Energy expects to finance the transaction with currently available cash.

PFCL201C-10KN

In the fiscal year ending December 2021, SL Power had revenue of $66 million.

The transaction has been approved by Advanced Energy’s board of directors. The transaction is expected to close in the second quarter of 2022 and is subject to customary closing conditions. In this transaction, Advanced Energy was advised by Evercore, the exclusive financial adviser, and Foley & Lardner LLP, the legal counsel.

It is understood that Advanced PFCL201C-10KN Energy Industry Company is a US-funded public joint-stock company. The company is committed to the research and production of switching power supplies based on thin film deposition and etching processes in the plasma state, including DC power supplies, DC pulse power supplies, low and medium frequency power supplies and RF power supplies. The company is responsible for designing, producing, selling and supporting power conversion products for a variety of available form conversion power supplies. Its products make it possible to use thin film deposition in the production of various products, such as semiconductor devices, flat panel displays, solar panels and building glass.

The company also offers the supply of advanced temperature controlled thermal PFCL201C-10KN instrumentation products in the same film product market. The company’s solar converters support the use of electricity for residential, commercial and solar facilities through renewable power generation. The company’s global network of service centers provides opportunities for circular revenue as it provides repair services, conversions, upgrades, and refurbishments. The company also offers a variety of operational services and maintenance service plans for photovoltaic (PV) sites of all sizes that can be customized for individuals.