Advanced Energy Acquires Trek for High-Voltage Power
Advanced Energy Industries, Inc. announced it has acquired privately-held Trek Holding, Co. Ltd., located in Tokyo, Japan and Lockport, New York. Trek’s comprehensive portfolio of power supply products strengthen and accelerate Advanced Energy’s growth in high-voltage applications.
"Today's acquisition is part of our strategic initiative to grow our Industrial business,” said Yuval Wasserman, president and CEO. "Trek is our third acquisition of high-voltage products ─ adding to our Specialty Power product offerings and expanding our global organization and addressable market.”
Trek areas of expertise include electrostatics and high-voltage power amplification. The company leverages its technologies to design and develop solutions for OEM customers and standard product applications around the world.
Trek manufactures high-voltage amplifiers, piezo drivers and power supplies for demanding applications. The company also makes electrostatic measurement instruments for high performance applications, and offers electrostatic sensors and detectors, electrostatic voltmeters, charged plate monitors, surface resistance/resistivity meters, fieldmeters, ESD audit kits, and ionizers for electrostatic discharge (ESD) applications.
Markets served include electrophotography, ESD, piezoelectronics, semiconductors and a wide variety of R&D applications.
Under the terms of the agreement, Advanced Energy acquired the company in all-cash transaction for approximately $12 million. With 2017 revenue of approximately $20 million, this acquisition is expected to be immediately accretive to earnings. Further transaction terms were not disclosed.