ADVANCED ENERGY INDUSTRIES INC acquired UltraVolt, Inc. for $30.2 million in cash, a transaction completed in August 2014, structured as all cash.
UltraVolt, Inc. operates in High voltage power supplies, is based in Ronkonkoma, New York, USA. UltraVolt, Inc., a privately-held provider of high voltage power solutions based in Ronkonkoma, New York, with a comprehensive portfolio of high voltage power supplies and modules from benchtop and rack-mount systems to microsize PCB-mount modules; standard DC-to-DC line of over 1,500 models serving over 100 markets.
A very strategic and complementary addition to AE's growing and diversified portfolio of precision power products, expanding penetration of existing applications and customers while adding opportunities in medical equipment, industrial and semiconductor applications; together with the recent HiTek Power Group acquisition, strengthens and accelerates entry into the high voltage market.
Broad high voltage product range; leverages product architectures of both UltraVolt and HiTek to accelerate entry into the high voltage market; expected to be accretive within the next year. Synergies expected across manufacturing, sales and marketing, and service via AE's global organization Added to Advanced Energy's Precision Power / high voltage products portfolio
Today's acquisition of UltraVolt is a very strategic and complementary addition to our growing and diversified portfolio of precision power products. With a broad range of high voltage products, UltraVolt expands our penetration of existing applications and customers while adding new and potential areas of opportunity in medical equipment, industrial and semiconductors applications.Yuval Wasserman, President of Precision Power Products, Advanced Energy
Advisory firms were not disclosed for this transaction.