Advanced Energy Acquires High Voltage Power Company
2 February 2018
Advanced Energy Industries, Inc., a global leader in precision power, today announced it has acquired privately-held Trek Holding, Co. Ltd. (“Trek”), located in Tokyo, Japan and Lockport, New York. Trek’s comprehensive portfolio of power supply products strengthen and accelerate Advanced Energy’s growth in high voltage applications.
"Today's acquisition is part of our strategic initiative to grow our Industrial business,” said Yuval Wasserman, president and CEO. "Trek is our third acquisition of high-voltage products ? adding to our Specialty Power product offerings and expanding our global organization and addressable market.”
Trek’s standard and custom OEM, high voltage power supplies and electrostatic measurement tools are used in semiconductor, aerospace, automotive, medical, defense, PV solar and test and measurement applications.
Under the terms of the agreement, Advanced Energy acquired the company in all-cash transaction for approximately $12 million. With 2017 revenue of approximately $20 million, this acquisition is expected to be immediately accretive to earnings. Further transaction terms were not disclosed.