ADVANCED ENERGY INDUSTRIES INC acquired AEG Power Solutions' Power Control Modules (PCM) intellectual property for $31.5 million (total consideration including contingent consideration), a transaction completed in January 2014, structured as Cash asset/IP purchase.
AEG Power Solutions' Power Control Modules (PCM) intellectual property operates in Precision Power portfolio. Advanced Energy acquired the intellectual property related to AEG Power Solutions' Power Control Modules, comprising the Thyro-Family of products and accessories that serve power control applications across materials thermal processing, chemical processing, glass manufacturing and other general industrial applications.
Broadened Advanced Energy's product offerings and was added to its Precision Power portfolio.
Advisory firms were not disclosed for this transaction.