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SL Power Electronics Acquired By Advanced Energy
Posted April 05, 2022
I am pleased to share that SL Power Electronics has entered into a definitive agreement to be acquired by a subsidiary of Advanced Energy on April 1, 2022.
SL Power Electronics and Advanced Energy will represent a strong strategic fit with complementary technologies, product portfolios and core competencies in highly engineered, application-specific power solutions for key OEMs in demanding mission-critical applications.
At SL Power Electronics, we are excited to join Advanced Energy’s family and provide our customers broader access to highly engineered, precision power conversion, measurement, and control solutions.
This transaction is expected to close within 30 days. Until the transaction is closed, SL Power Electronics and Advanced Energy will continue to operate as wholly separate companies.
For additional information regarding the transaction please visit Steel Partners press release or contact Jennifer Golembeske at Steel Partners at +1 (212) 520-2290, or jgolembeske@steelpartners.com
Sincerely,
Shri Chandrasekharan
President
About Advanced Energy
Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications. With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA.For more information, visit www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance. Trust