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Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM

게시됨 6월 07, 2021

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Acquisition of TEGAM adds metrology and calibration instrumentation to Advanced Energy’s RF process power solutions in semiconductor and advanced industrial markets

DENVER–(BUSINESS WIRE)– Advanced Energy (Nasdaq: AEIS) – a global leader in highly engineered precision power conversion measurement and control solutions – today announced that it has acquired Tegam Inc., a leading provider of metrology and calibration instrumentation used in semiconductor and advanced industrial markets. Based in Geneva, Ohio, TEGAM strengthens Advanced Energy’s leadership in process power by adding complementary RF power instruments and calibration systems and further expands its presence in several advanced industrial markets.

“We are pleased to welcome the TEGAM team to Advanced Energy,” said Steve Kelley, President and CEO of Advanced Energy. “As the pure play power leader, we are committed to delivering complete solutions to our customers. With this acquisition, we further extend our leadership in RF power by adding TEGAM’s industry-leading metrology and calibration technologies that contribute to the precise control and repeatability of RF power delivery in plasma etch and deposition processes.”

“We are excited to join the Advanced Energy family,” said Andy Brush, former CEO of TEGAM. “Combined, we will enhance the power precision of our customers’ equipment.”

Under the terms of the agreement, Advanced Energy paid $18 million in cash for the acquisition, subject to customary adjustments for net working capital. TEGAM generated approximately $10 million in revenue for its fiscal year ending October 2020. The company expects the acquisition to be accretive to 2021 earnings on a non-GAAP basis.

Forward-Looking Statements

Certain statements in this press release, including, without limitation, statements regarding the future business, operating and financial condition of TEGAM and its products are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: the successful integration of the operations and products of TEGAM; expectations surrounding the benefits of TEGAM products; the retention of key employees; the total available market for TEGAM products worldwide; expectations regarding sales performance of TEGAM products; expectations surrounding the TEGAM manufacturing model; as well as the effects of global macroeconomic conditions upon demand for such products. These and other risks are described in Advanced Energy’s Form 10-K, Forms 10-Q and other reports and statements filed with the Securities and Exchange Commission. These reports and statements are available on the SEC’s website at www.sec.gov. Copies may also be obtained from Advanced Energy’s website at www.advancedenergy.com or by contacting Advanced Energy’s investor relations at (970) 407-6555. Forward-looking statements are made and based on information available to the company on the date of this press release. As reiterated previously, aspirational goals and targets discussed on conference calls or in the presentation materials should not be interpreted in any respect as guidance. The company assumes no obligation to update the information in this press release.

공유

Advanced Energy 소개

(나스닥: AEIS)는 미션 크리티컬 애플리케이션 및 프로세스를 위한 고도로 엔지니어링된 정밀 전력 변환, 측정 및 제어 솔루션을 설계 및 제조하는 글로벌 리더입니다. Advanced Energy의 전력 솔루션은 반도체 장비, 산업 생산, 의료 및 생명 과학, 데이터 센터 컴퓨팅, 네트워킹 및 통신을 비롯한 다양한 산업 분야의 복잡한 애플리케이션에서 고객의 혁신을 지원합니다. 전 세계 고객을 위한 엔지니어링 노하우와 신속한 서비스 및 지원을 통해 기술 발전에 부응하는 협력적 파트너십을 구축하고, 고객의 성장을 촉진하며, 전력의 미래를 혁신합니다. Advanced Energy는 완벽한 전력 공급을 위해 40년간 헌신해 왔습니다. 미국 콜로라도주 덴버에 본사를 두고 있습니다.

자세한 정보는 www.advancedenergy.com.

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