Deal Snapshot
ADVANCED ENERGY TO ACQUIRE ARTESYN EMBEDDED POWER FOR USD 400M
Wednesday 22 May 2019

Colorado, US-based Advanced Energy Industries, Inc. (NASDAQ: AEIS), provider of power conversion, measurement and control solutions, has agreed to acquire the Embedded Power business of Artesyn Embedded Technologies, Inc. (Artesyn EP) from Platinum Equity for a total consideration of approximately USD 400m, the company said.
Under the terms of the Share Purchase Agreement, based on a total base purchase price of USD 400m, Advanced Energy will pay approximately USD 364m in cash and assume approximately USD 36m of liabilities for Artesyn EP. 


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Details
Date Published: 22/05/2019
Target: Artesyn,  Embedded Technologies, Inc
Country: USA
Deal Size: 400m (USD)
Sector: Computer Hardware
Type: LBO
Financing: Cash
Status: Agreed
Vendor: Platinum Equity
Buyer: Advanced Energy Industries
Buyer Advisor: Evercore,   , Foley and Lardner
Comment:


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