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
On April 12, 2014, we acquired all outstanding common stock of HiTek Power Group, a privately-held provider of high voltage power solutions. Based in the United Kingdom, HiTek offers a comprehensive portfolio of high voltage and custom built power conversion products, ranging from 100V to 500kV, designed to meet the demanding requirements of OEMs worldwide.Advanced Energy, FY2014 Form 10-K, Recent Acquisitions
Advisory firms were not disclosed for this transaction.