ADVANCED ENERGY INDUSTRIES INC acquired SL Power Electronics Corporation for $142.2 million (total fair value of purchase consideration, net of cash acquired; $145.7M cash paid), a transaction completed in April 2022, structured as all cash.
SL Power Electronics Corporation operates in Medical and industrial power, is based in Calabasas, California, USA. SL Power Electronics Corporation, based in Calabasas, California, acquired via purchase of 100% of its issued and outstanding capital stock. The acquisition added complementary products to Advanced Energy's medical power offerings and extended its presence in several advanced industrial markets.
This acquisition added complementary products to Advanced Energy's medical power offerings and extended our presence in several advanced industrial markets.
Complementary medical power products and expansion into advanced industrial markets Integrated into Advanced Energy's medical/industrial power offerings
On April 25, 2022, we acquired 100% of the issued and outstanding shares of capital stock of SL Power Electronics Corporation, which is based in Calabasas, California. This acquisition added complementary products to Advanced Energy's medical power offerings and extended our presence in several advanced industrial markets.Advanced Energy, FY2023 Form 10-K, Recent Acquisitions / Note 2 Acquisitions
Advisory firms were not disclosed for this transaction.