ADVANCED ENERGY INDUSTRIES INC acquires Versatile Power, Inc.
Snapshot
ADVANCED ENERGY INDUSTRIES INC acquired Versatile Power, Inc. for $6.8 million total purchase price ($7.0M total fair value of consideration including $1.5M contingent and $0.95M holdback; net of cash acquired) in December 2020. The transaction was structured as all cash (with holdback and contingent consideration). Versatile Power, Inc. is a Campbell, California, USA-based RF and programmable power supplies / medical power business.
- Acquirer
- ADVANCED ENERGY INDUSTRIES INC
- Target
- Versatile Power, Inc.
- Value
- $6.8 million total purchase price ($7.0M total fair value of consideration including $1.5M contingent and $0.95M holdback; net of cash acquired)
- Date
- December 2020
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
ADVANCED ENERGY INDUSTRIES INC acquired Versatile Power, Inc. for $6.8 million total purchase price ($7.0M total fair value of consideration including $1.5M contingent and $0.95M holdback; net of cash acquired), a transaction completed in December 2020, structured as all cash (with holdback and contingent consideration).
Versatile Power, Inc. operates in RF and programmable power supplies / medical power, is based in Campbell, California, USA. Versatile Power, Inc., based in Campbell, California, acquired via purchase of 100% of its capital stock. Added RF and programmable power supplies for medical and industrial applications, proven technologies, deep customer relationships, expertise in medical design, and a medical-certified manufacturing center.
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 by adding proven technologies, deep customer relationships, expertise in medical design, and a medical-certified manufacturing center.
Proven medical-power technologies, deep customer relationships, medical-design expertise, and a medical-certified manufacturing center Integrated into Advanced Energy's medical and industrial power portfolio
No advisory firms have been disclosed for this transaction.