AEIS: Opinions? Message Board

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Technology Stocks : AEIS: Opinions?

AEIS 202.73

-1.4%

Oct 31 9:30 AM EST

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From: JakeStraw	5/23/2019 2:02:14 PM
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Advanced Energy to Acquire Artesyn Embedded Power ir.advanced-energy.com 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. Artesyn EP is one of the world’s largest providers of highly engineered, application-specific power supplies for demanding applications. As a trusted technology partner to original equipment manufacturers (OEMs), it serves multiple attractive growth markets, including hyperscale data centers, telecom infrastructure in next generation 5G networks, embedded industrial power applications and medical power for diagnostic and treatment applications. “We are excited by this highly strategic acquisition of Artesyn EP, transforming Advanced Energy into a highly diversified, pure-play power house with a global platform for accelerated earnings growth,” said Yuval Wasserman, president and CEO of Advanced Energy.

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