ADVANCED ENERGY INDUSTRIES INC acquires Airity Technologies, Inc.
Snapshot
ADVANCED ENERGY INDUSTRIES INC acquired Airity Technologies, Inc. for $19.6 million total fair value of purchase consideration ($14.3M cash at closing + $4.5M AE common stock + $1.5M indemnity holdback, net of $0.7M settlement of payables) in June 2024. The transaction was structured as combination (cash + Advanced Energy common stock). Airity Technologies, Inc. is a High voltage power conversion business.
- Acquirer
- ADVANCED ENERGY INDUSTRIES INC
- Target
- Airity Technologies, Inc.
- Value
- $19.6 million total fair value of purchase consideration ($14.3M cash at closing + $4.5M AE common stock + $1.5M indemnity holdback, net of $0.7M settlement of payables)
- Date
- June 2024
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
ADVANCED ENERGY INDUSTRIES INC acquired Airity Technologies, Inc. for $19.6 million total fair value of purchase consideration ($14.3M cash at closing + $4.5M AE common stock + $1.5M indemnity holdback, net of $0.7M settlement of payables), a transaction completed in June 2024, structured as combination (cash + Advanced Energy common stock).
Airity Technologies, Inc. operates in High voltage power conversion. Airity Technologies, Inc., acquired via purchase of 100% of its capital stock and accounted for as a business combination. The acquisition added high voltage power conversion technologies and products, broadening AE's range of targeted applications within the Semiconductor Equipment and Industrial and Medical markets.
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.
High voltage power conversion technology broadening targeted applications in semiconductor equipment and industrial/medical markets Integrated into Advanced Energy's high voltage / semiconductor and industrial-medical power portfolio
No advisory firms have been disclosed for this transaction.