ADVANCED ENERGY INDUSTRIES INC acquired Trek Holding Co., Ltd for $6.1 million (total purchase price, net of cash acquired; $11.7 million cash paid), a transaction completed in February 2018, structured as All-cash.
Trek Holding Co., Ltd operates in High-voltage amplifiers and electrostatic instruments, is based in Tokyo, Japan and Lockport, New York. Trek Holding Co., Ltd, a privately held company with operations in Tokyo, Japan and Lockport, New York, holding a 95% ownership interest in its U.S. subsidiary (its primary operation). Trek designs, manufactures and sells high-voltage amplifiers, power supplies and generators, high-performance electrostatic measurement instruments, and ESD sensors and monitors.
Trek's portfolio of power supply products strengthens and accelerates Advanced Energy's growth in high voltage applications.
High-voltage amplifiers and electrostatic measurement instruments serving aerospace, automotive, electronics, medical, nanotechnology, semiconductor and test-and-measurement applications Integrated into Advanced Energy's high-voltage and measurement 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.Advanced Energy, FY2017 Form 10-K, Recent Acquisitions
Advisory firms were not disclosed for this transaction.