先进能源完成对Artesyn嵌入式电源的收购

2019-09-11 07:14:00 来源:EEFOCUS
标签:

Embarks on a new chapter as a highly diversified premier power conversion company with global presence and scale across critical technologies and markets

 

FORT COLLINS, Colo.--Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced that it has completed the previously announced acquisition of Artesyn Embedded Technologies’ Embedded Power business. With this highly strategic acquisition, Advanced Energy becomes a highly diversified, pure play power house with a global platform for accelerated earnings growth.

 

“Today marks a new chapter for Advanced Energy as we embark on the next phase of our diversification and growth strategy by adding broad sets of markets and industry-leading technologies. With integration efforts already started, the new AE management team, with the addition of Dana Huth who leads the Artesyn Embedded Power business, is well prepared to deliver long-term, profitable and sustainable growth,” said Yuval Wasserman, president and CEO of Advanced Energy.

 

Strategic benefits of this acquisition include:

 

·        Creates a premier global power conversion company with enabling critical power technologies and over $1.3 billion in annual revenue, based on 2018 combined historical results.

 

·        Triples AE’s addressable market to $7.5 billion by adding new attractive growth verticals in hyperscale data center, 5G wireless, industrial and medical technologies.

 

·        Solid strategic fit with highly complementary technologies, product portfolios and core competencies in highly engineered, application-specific power solutions for key OEMs in demanding applications.

 

·        Accelerates earnings growth, driving projected annualized accretion of over $0.80 per share in 18-24 months and targeting to reach long-term accretion of over $1.50 per share, on a non-GAAP basis.

 

·        Creates significant financial value with a purchase price of approximately 5x synergy-adjusted EBITDA, with a path to future margin expansion, additional cost savings and de-levering to create long-term shareholder value.

 

“We are encouraged by the positive reaction to this acquisition by both the market and our customers. The added capabilities and expertise of the Artesyn team will allow AE to better meet our customers’ needs,” added Wasserman.

 

“On behalf of the entire Artesyn Embedded Power team, we are excited to be playing a key role in this new chapter for Advanced Energy,” said Dana Huth. “I look forward to leading the Artesyn Embedded Power organization as together with Advanced Energy, we create a premier power conversion company developing power solutions that our customers depend on for mission-critical applications.”

 

Under the terms of the share purchase agreement, the total consideration for this acquisition was approximately $400 million. Advanced Energy paid approximately $375 million in cash at closing and assumed approximately $25 million in net liabilities, including estimated adjustments for net working capital and acquired cash.

 

In conjunction with this transaction, AE completed the previously-announced credit financing, consisting of $350.0 million of a senior unsecured term loan A facility and an untapped $150.0 million senior unsecured revolving facility, before any fees, led by Bank of America, N.A., with commitments from HSBC Bank USA, N.A., Bank of the West and Citibank, N.A.

 

The acquisition of Artesyn Embedded Power is expected to be immediately accretive to earnings on a non-GAAP basis and generate over $20 million of annualized synergies within 18-24 months and $40 million of total synergies long-term. In 2018, revenues for Artesyn Embedded Power were approximately $593 million and adjusted EBITDA was approximately $55 million. AE’s guidance for the third quarter of 2019 provided on August 5, 2019, did not reflect any revenue or profit contribution from this transaction. Management intends to provide more detail on the forward-looking benefits of this acquisition when it announces financial results for the third quarter.

 

For more information, visit www.advancedenergy.com/ArtesynJoinsAE.

 
关注与非网微信 ( ee-focus )
限量版产业观察、行业动态、技术大餐每日推荐
享受快时代的精品慢阅读
 

 

继续阅读
抑制嵌入式系统设计的复杂性

Raspberry Pi系列不久前通过全新的Raspberry Pi Zero W1(2017年2月)扩充了产品线,这是一台支持无线连接的个人计算机,售价仅10美元。

嵌入式系统基本核心不能忘,ARM 是如何构架的?
嵌入式系统基本核心不能忘,ARM 是如何构架的?

目前在嵌入式开发的过程中,开发者往往把大量精力投入到嵌入式微处理器MPU(Micro Processing Unit)与众多外设的连接方式以及应用代码的开发之中,而忽视了对嵌入式系统最基本、最核心部分的研究。

嵌入式A7平台AWTK性能实测

为了比较直观的看到AWTK的基本性能,我们对产品开发者比较关心GUI的一些参数做了测试,如界面刷新帧数、启动时间等。让我们从参数上直观了解Linux下AWTK与Qt的性能对比。

重磅!嵌入式Linux GUI有了新选择

随着手机、智能手表等便携式设备的普及,用户对人机交互界面(GUI)的要求越来越高,而Qt的资源占用大等短板致使在某些应用仍存在难点。现在嵌入式Linux GUI有了新选择!本文将为您介绍AWTK的强大魅力。

全面介绍电子负载原理及测量误区
全面介绍电子负载原理及测量误区

想要提高LED电源的测试效率,最快捷简便的方法就是选择恰当的电子负载。如果对电子负载的知识不够熟悉,或者熟练度不够无法掌握的话,甚至会造成测试结果的置信度下滑,从而影响到产品的质量,严重的还会引发事故。

更多资讯
ROHM开发出采用4引脚封装的SiC MOSFET “SCT3xxx xR”系列

全球知名半导体制造商ROHM(总部位于日本京都),开发出6款沟槽栅结构※1)SiC MOSFET “SCT3xxx xR系列”产品(650V/1200V耐压),非常适用于要求高效率的服务器用电源、太阳能逆变器及电动汽车的充电站等。

详解 LED 背光照明设计方案的利弊
详解 LED 背光照明设计方案的利弊

本文将为设计人员介绍各种基于LED的背光照明设计方案选项,以及提供在考虑成本因素和各种设计方法利弊的前提下,如何优化系统性能的指引。

集成电流感应的优点

许多刷式和步进电机应用必须对电流进行监控和调节。对于刷式电机,电流信息可用来确定负载条件的变化或用来限制启动和失速电流。对于歩进电机,高级别的微歩进需要调节每一步的电流。

太阳能硅晶圆开始涨价?第四季度将迎来抢货潮
太阳能硅晶圆开始涨价?第四季度将迎来抢货潮

与非网9月23日讯,日前太阳能硅晶圆开始涨价,行业在第四季度有望迎来一波抢货潮。

国产模拟IC产业链如何打破自给率低且研发慢的“僵局”?

根据WSTS统计,2018年全球半导体市场全年总销售值约4688亿美元。在如此庞大的IC市场中,模拟IC市场一直是一个神奇的存在,头部厂商不仅队形稳定,而且一直处于高增长态势。从IC Insights数据来看,2018年全球模拟IC市场整体营收达到600亿美元,占整体IC市场约13%。而全球前十大模拟芯片厂商总营收361亿美元,占据整体市