ADVANCED ENERGY INDUSTRIES INC acquisition history.

We are excited by this highly strategic acquisition of Artesyn EP, transforming Advanced Energy into a highly diversified, pure-play power house with a global platform for accelerated earnings growth.

We believe our Embedded Power business will substantially benefit from the combination with Advanced Energy. Together with AE, we form a consolidated platform with a synergistic and complementary product portfolio, which expands our industrial business into semiconductor markets and provides our existing customers access to new technologies.

On September 1, 2018, Advanced Energy Industries, Inc. completed its previously announced acquisition of LumaSense Technology Holdings, Inc. through the merger of Eclipse Merger Sub, Inc. with and into LumaSense, with LumaSense surviving as a wholly-owned indirect subsidiary of Advanced Energy. The aggregate consideration paid in the Merger was approximately $85 million in cash.

Today's acquisition of UltraVolt is a very strategic and complementary addition to our growing and diversified portfolio of precision power products. With a broad range of high voltage products, UltraVolt expands our penetration of existing applications and customers while adding new and potential areas of opportunity in medical equipment, industrial and semiconductors applications.

On April 25, 2022, we acquired 100% of the issued and outstanding shares of capital stock of SL Power Electronics Corporation, which is based in Calabasas, California. This acquisition added complementary products to Advanced Energy's medical power offerings and extended our presence in several advanced industrial markets.

On June 1, 2021, we acquired 100% of the issued and outstanding shares of capital stock of TEGAM, Inc., which is based in Geneva, Ohio. This acquisition added metrology and calibration instrumentation to Advanced Energy's RF process power solutions in our Semiconductor and Industrial and Medical markets.

On December 31, 2020, we acquired 100% of the issued and outstanding shares of capital stock of Versatile Power, Inc., which is based in Campbell, California. This acquisition added RF and programmable power supplies for medical and industrial applications to our product portfolio and further expands our presence in the medical market.

On June 20, 2024, we acquired 100% of the issued and outstanding shares of capital stock of Airity Technologies, Inc. We accounted for this transaction as a business combination. This acquisition added high voltage power conversion technologies and products, broadening our range of targeted applications within the Semiconductor Equipment and Industrial and Medical markets.

In July 2017, Advanced Energy acquired all of the issued and outstanding shares of capital stock of Excelsys Holdings Limited, an electronics manufacturer in Cork, Ireland. This acquisition is part of Advanced Energy's strategy to continue to grow and diversify its revenue in new and adjacent markets through organic and inorganic opportunities.

On April 12, 2014, we acquired all outstanding common stock of HiTek Power Group, a privately-held provider of high voltage power solutions. Based in the United Kingdom, HiTek offers a comprehensive portfolio of high voltage and custom built power conversion products, ranging from 100V to 500kV, designed to meet the demanding requirements of OEMs worldwide.

On November 8, 2012, we acquired Solvix SA, a privately held company based in Villaz-Saint-Pierre, Switzerland. A manufacturer of power supplies for the surface treatment and thin films industry, Solvix brings plasma-based sputtering and cathodic arc deposition applications to Advanced Energy's existing product portfolio.

In February 2018, we acquired Trek Holding Co., Ltd, a privately held company with operations in Tokyo, Japan and Lockport, New York. Trek has a 95% ownership interest in its U.S. subsidiary which is also its primary operation. Trek designs, manufactures and sells high-voltage amplifiers, power supplies and generators, high-performance electrostatic measurement instruments and electrostatic discharge (ESD) sensors and monitors to the global marketplace.