Robins Global News & Noticias

  • Shipping Advice
    Shipping Advice
  • Featured Guest Post
    Featured Guest Post
  • Featured Guest Post
    Featured Guest Post
  • Featured Guest Post
    Featured Guest Post
  • Trump Pence News
    Trump Pence News
  • Weather Alerts
    Weather Alerts

RobinsPost News Network

+ Larger Font | + Smaller Font

Globe NewsWire News Distribution Service

Press Release: Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy

LOS ANGELES, May 15, 2019 (GLOBE NEWSWIRE) -- Platinum Equity announced today the signing of a definitive agreement to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies, Inc., to Advanced Energy Industries, Inc. (Nasdaq: AEIS), in a transaction valued at approximately $400 million. The transaction is expected to close during the second half of 2019, subject to regulatory approval and other customary closing conditions.
Artesyn Embedded Technologies has been a portfolio company of Platinum Equity since 2013.Artesyn’s Embedded Power business is a leading global supplier and manufacturer of highly engineered power conversion products, including AC-DC power supplies, DC input devices and board mounted DC-DC modules.“The Embedded Power business and Advanced Energy are a great strategic fit with complementary strengths,” said Platinum Equity Partner Jacob Kotzubei. “We are pleased to have found a combination that makes great sense for both companies and their customers.”The transaction announced today only involves Artesyn’s Embedded Power business, which includes the Artesyn and Astec brands. Artesyn’s Embedded Computing and Consumer products businesses are not part of the sale and remain part of Platinum Equity’s portfolio.Mr. Kotzubei said separating the three businesses makes the most long-term sense.“Artesyn serves three very different markets, each with its own customer base and unique dynamics,” explained Mr. Kotzubei. “Separating them into standalone operations opens up more opportunities with greater potential.”Artesyn’s Embedded Power business 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, 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.JP Morgan is serving as primary financial advisor to Artesyn on the sale of the Embedded Power business. Morgan Stanley is also providing financial advisory services to the company. Morgan, Lewis & Bockius LLP and Baker & McKenzie LLP are serving as Artesyn’s legal counsel on the transaction.About Platinum Equity
Founded in 199...

Posted: 2019-05-15 09:05:00

Get Full News Story On GlobeNewsWire Press Release Service

Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.

Print Friendly and PDF Share Embed

Related News Stories From The Web And More

Related Bing News

Press Release: Platinum Equity to Sell Artesyn’s Embedded Power Business to Advanced Energy | Globe NewsWire News Distribution Service | RobinsPost News Network - Newscast

STMicroelectronics Makes IoT Sensing Accessible with IoT Plug and Play, Ready to Connect to Microsoft Azure

Sun, 19 May 2019 23:17:00 GMT

STMicroelectronics is launching to help everyone from young people to expert designers discover the power of IoT and quickly understand ... Play module connects easily with Bluetooth ...

Advanced Energy To Acquire Embedded Power Division Of Artesyn

Fri, 17 May 2019 14:28:00 GMT

AEIS is diversifying its business and seeking to expand its market opportunities with this acquisition. Advanced Energy Industries (AEIS) announced it has agreed to acquire the Embedded Power ...

Opening of new Dutch wind farm puts Philips on course to becoming carbon neutral by 2020

Thu, 16 May 2019 22:31:00 GMT

Under the terms of a power purchase agreement ... now be powered by green energy. “Philips has a comprehensive sustainability strategy that is embedded into its business model both on the ...

Advanced Energy to Acquire Artesyn Embedded Power

Thu, 16 May 2019 00:44:00 GMT

“We believe our Embedded Power business will substantially benefit from the combination with Advanced Energy,” said Jay Geldmacher, CEO of Artesyn Embedded Technologies. “Together with ...

Advanced Energy buys Artesyn Embedded Technologies for $400M

Wed, 15 May 2019 12:35:00 GMT

The transaction only involves Artesyn’s Embedded Power business. Artesyn’s Embedded Computing and Consumer Products businesses are not included in the deal. With the acquisition, Advanced Energy ...

Related Bing Web Search

Advanced Energy Industries Inc -

(Wed, 15 May 2019 23:57:00 GMT)

Advanced Energy Industries, Inc. provides engineered precision power conversion, measurement, and control solutions. The Company designs, manufactures, sells, and supports power conversion ...

Oklahoma Business News, Technology, Energy & Real Estate ...

(Fri, 17 May 2019 04:42:00 GMT)

Latest Oklahoma & Oklahoma City business news and stock prices featuring the latest energy, technology and real estate coverage.

Advanced Manufacturing Office | Department of Energy

(Mon, 06 May 2019 00:02:00 GMT)

AMO supports R&D projects, R&D consortia, and early-stage technical partnerships with national laboratories, companies (for-profit and not-for profit), state and local governments, and universities through competitive, merit reviewed funding opportunities designed to investigate new manufacturing technologies.

Counter-electronics High Power Microwave Advanced Missile ...

(Fri, 17 May 2019 10:48:00 GMT)

The Counter-electronics High Power Microwave Advanced Missile Project (CHAMP) is a joint concept technology demonstration led by the Air Force Research Laboratory, Directed Energy Directorate at Kirtland Air Force Base to develop an air-launched directed-energy weapon capable of incapacitating or damaging electronic systems by means of an EMP (electromagnetic pulse).

Intel® Community Forums

(Fri, 17 May 2019 08:46:00 GMT)

Find and share solutions with Intel users across the world This is a community forum where members can ask and answer questions about Intel products.

Smart grid - Wikipedia

(Sat, 18 May 2019 00:52:00 GMT)

A smart grid is an electrical grid which includes a variety of operation and energy measures including smart meters, smart appliances, renewable energy resources, and energy efficient resources. Electronic power conditioning and control of the production and distribution of electricity are important aspects of the smart grid. Smart grid policy is organized in Europe as Smart Grid European ...

About Us - Silicon Labs

(Thu, 16 May 2019 06:31:00 GMT)

We Learn, Invent, and Lead Every Day. We believe in the power of small teams with big ideas. Our customers are our partners, and we help them create products people love.

Solar power, batteries & electric vehicles - Western Power

(Fri, 17 May 2019 11:30:00 GMT)

How to connect your solar, battery or electric vehicle to our network. You will find all the information and application forms you need to connect your solar power system, electric vehicle or energy storage system to the grid.

Nowi - Enabling the Internet of Things

(Thu, 16 May 2019 19:17:00 GMT)

The Nowi Power Module combines the best Energy Harvesting technology with the most efficient Power Management design enabling wearables & smart sensors that last forever. No cables needed, no battery changes, just Plug & Forget.

Powerpack - Commercial & Utility Energy Storage Solutions ...

(Tue, 14 May 2019 21:50:00 GMT)

Power Electronics. Every Powerpack contains 16 individual battery pods, each with an isolated DC-DC converter. Pod architecture and onboard power electronics optimize performance across the array and enable easy swapping at any time.

Related News Story Videos From Youtube

Schneider Electric Solar Business Presentation

Related Videos On: Schneider Electric Solar Business Presentation

Webcast Advanced Substrates – How to answer demands on scaling and functional roadmaps?

Related Videos On: Webcast Advanced Substrates – How to answer demands on scaling and functional roadmaps?

Register Solar PV / SSEG systems

Related Videos On: Register Solar PV / SSEG systems

Smart Energy Market Trends: Industry Specialists Panel Discussion

Related Videos On: Smart Energy Market Trends: Industry Specialists Panel Discussion

Digs: Inside GE Critical Power

Related Videos On: Digs: Inside GE Critical Power

Blow Us A Whistle

Comments (Whistles) Designed By Disqus

Company Information

Official Content Providers


We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
© 2008-2019 RobinsPost (The Bird's Eye View Company) All rights are reserved.
RobinsPost provides links to news sites based on their RSS feeds.
All trademarks, copyrights, videos, photos and logos are owned by news sources.
News stories, videos and live streams are from trusted sources:
Bing News, Google News, and YouTube Search Results.
ROBINSPOST Is Proudly Made In America.
Where Quality, Safety and Service Comes First.