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Stock impact report

Advanced Energy to Acquire Artesyn Embedded Power

Advanced Energy Industries, Inc. (AEIS) 
Last advanced energy industries, inc. earnings: 2/18 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.advanced-energy.com/node/5806
Company Research Source: GlobeNewswire
Creates a $1.3 billion premier power conversion company with global presence and scale across critical technologies and markets.Expands AE’s addressable market by 3x through the addition of new growth verticals. Targets annualized synergies of over $20 million in 18-24 months and over $40 million long-term. Expected to be immediately accretive to non-GAAP EPS and to accelerate projected earnings growth.  FORT COLLINS, Colo., May 15, 2019 (GLOBE NEWSWIRE) -- Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced that it has entered into a definitive agreement to acquire the Embedded Power business of Artesyn Embedded Technologies, Inc. (Artesyn EP) from Platinum Equity. The total consideration for this transaction will be approximately $400 million. Artesyn EP is one of the world’s largest providers of highly engineered, application-specific power supplies for dema Show less Read more
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