Saturday, July 20, 2024
HomeRecent ArticlesAdvanced Energy Acquires Airity Technologies

Advanced Energy Acquires Airity Technologies

Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, announced the acquisition of Airity Technologies, a Redwood City, California-based provider of next-generation, high voltage power conversion products and technologies for applications in semiconductor, industrial and medical markets.

Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, announced the acquisition of Airity Technologies, a Redwood City, California-based provider of next-generation, high voltage power conversion products and technologies for applications in semiconductor, industrial and medical markets.

Read also – RXO To Acquire Coyote Logistics From UPS

Airity Technologies adds a portfolio of Gallium Nitride (GaN) based high frequency, power conversion and pulsing technologies, which enable a step function improvement in power density and response time. Leveraging Airity’s proven technologies, Advanced Energy will address a broader range of applications in its target markets.The company expects the acquisition to be immaterial to 2024 financial forecasts. Terms were not disclosed.

Read also – [Funding news] DORAL-based NeueHealth Raises loan facility for up to $150 Million Funding

“The acquisition of Airity Technologies extends our technology leadership and will accelerate our innovation in the precision power conversion market,” said Steve Kelley, Advanced Energy’s president and chief executive officer. “We have worked closely with the Airity team over the past year and are very excited that they will be joining Advanced Energy.”

About Advanced Energy

Advanced Energy Industries, is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications.

With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular