ADVANCED ENERGY INDUSTRIES INC acquires HiTek Power Group
Snapshot
ADVANCED ENERGY INDUSTRIES INC acquired HiTek Power Group for NULL (part of $57.1 million used to acquire PCM, HiTek and UltraVolt lines of business in 2014) in April 2014. The transaction was structured as all cash. HiTek Power Group is a United Kingdom-based High voltage power solutions business.
- Acquirer
- ADVANCED ENERGY INDUSTRIES INC
- Target
- HiTek Power Group
- Value
- NULL (part of $57.1 million used to acquire PCM, HiTek and UltraVolt lines of business in 2014)
- Date
- April 2014
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
ADVANCED ENERGY INDUSTRIES INC acquired HiTek Power Group for NULL (part of $57.1 million used to acquire PCM, HiTek and UltraVolt lines of business in 2014), a transaction completed in April 2014, structured as all cash.
HiTek Power Group operates in High voltage power solutions, is based in United Kingdom. HiTek Power Group, a privately-held provider of high voltage power solutions based in the United Kingdom, acquired via purchase of all outstanding common stock. HiTek offers a comprehensive portfolio of high voltage and custom-built power conversion products ranging from 100V to 500kV for OEMs worldwide.
HiTek offers a comprehensive portfolio of high voltage and custom built power conversion products designed to meet the demanding requirements of OEMs worldwide, targeting semiconductor wafer processing and metrology, scientific instrumentation, mass spectrometry, industrial printing, and analytical x-ray systems.
Comprehensive high voltage product portfolio (100V-500kV) for semiconductor, scientific instrumentation, mass spectrometry, industrial printing and analytical x-ray applications Added to Advanced Energy's Precision Power high voltage portfolio
No advisory firms have been disclosed for this transaction.