Sam Brusco, Associate Editor04.04.22
Precision power conversion, measurement, and control solutions firm Advanced Energy has begun a deal to acquire SL Power, a provider of customized power solutions for medical and industrial applications, for $144.5 million.
The deal expands Advanced Energy’s medical power solutions, adding a portfolio of standard, modified standard, and custom power solutions.
“The addition of SL Power expands our offerings for industrial and medical applications,” Steve Kelley, president and CEO of Advanced Energy told the press. “I believe SL Power’s strong customer base, complementary product portfolio, and highly skilled team make it an ideal fit for Advanced Energy.”
The deal expands Advanced Energy’s addressable market by over $400 million. The firm will gain low operating power, low emission (EMI/EMC) power supplies for FDA-certified Class II and III medical equipment.
SL Power earned $66 million in its 2021 fiscal year.
The deal expands Advanced Energy’s medical power solutions, adding a portfolio of standard, modified standard, and custom power solutions.
“The addition of SL Power expands our offerings for industrial and medical applications,” Steve Kelley, president and CEO of Advanced Energy told the press. “I believe SL Power’s strong customer base, complementary product portfolio, and highly skilled team make it an ideal fit for Advanced Energy.”
The deal expands Advanced Energy’s addressable market by over $400 million. The firm will gain low operating power, low emission (EMI/EMC) power supplies for FDA-certified Class II and III medical equipment.
SL Power earned $66 million in its 2021 fiscal year.