ADVANCED ENERGY INDUSTRIES INC acquired Solvix SA for approximately $21.2 million total fair value ($16.0M cash net of cash acquired + up to $7.9M contingent consideration), a transaction completed in November 2012, structured as all cash with contingent consideration.
Solvix SA operates in Plasma / thin-film power supplies, is based in Villaz-Saint-Pierre, Switzerland. Solvix SA, a privately held manufacturer of power supplies for the surface treatment and thin films industry, based in Villaz-Saint-Pierre, Switzerland. Acquired (via AE's Netherlands subsidiary AEI CV) from CPA Group SA. Brings plasma-based sputtering and cathodic arc deposition applications and arc detection/suppression technology.
Solvix brings plasma-based sputtering and cathodic arc deposition applications to Advanced Energy's existing product portfolio. With its arc detection and suppression technology, Solvix's product line will enhance Advanced Energy's offerings in low power and pulsed DC products, allowing it to expand into new applications and serve a broader worldwide customer base.
Plasma sputtering and cathodic arc deposition technology plus arc detection/suppression enhancing low power and pulsed DC offerings; broadens worldwide customer base Integrated into Advanced Energy's plasma/thin-film power product portfolio
On November 8, 2012, we acquired Solvix SA, a privately held company based in Villaz-Saint-Pierre, Switzerland. A manufacturer of power supplies for the surface treatment and thin films industry, Solvix brings plasma-based sputtering and cathodic arc deposition applications to Advanced Energy's existing product portfolio.Advanced Energy, FY2014 Form 10-K, Acquisitions
Advisory firms were not disclosed for this transaction.