Advanced Energy pays $30 Million for High-Voltage Power Supplies
Advanced Energy Industries, Inc. today announced it has acquired UltraVolt, Inc., a privately-held provider of high-voltage power solutions. Under the agreement, Advanced Energy has acquired UltraVolt for a purchase price of $30.2 million in cash. Based in Ronkonkoma, New York, UltraVolt has a comprehensive portfolio of high-voltage power supplies and modules ranging from benchtop and rack mount systems to microsize PCB-mount modules.
Its standard dc-dc product line consists of over 1,500 models, which can be combined with accessories and options to create thousands of product configurations. Serving over 100 markets, UltraVolt's fixed-frequency, high-voltage topology provides wide input and output operating ranges while retaining excellent stability and efficiencies.
"Today's acquisition of UltraVolt is a very strategic and complementary addition to our growing and diversified portfolio of precision power products," said Yuval Wasserman, President 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.
â€œTogether with our most recent acquisition of HiTek Power Group, UltraVolt strengthens and accelerates our entry into the high voltage market by leveraging product architectures of both entities. We plan to capitalize on our global organization to drive synergies across manufacturing, sales and marketing and service. We expect this acquisition to be accretive within the next year and should accelerate Advanced Energy's revenue and profitability over time,â€ Wasserman concluded.