Advanced Energy Industries Inc - AEIS STOCK NEWS

Advanced Energy Industries, Inc. (Nasdaq: AEIS) has unveiled the ALTA platform, a new RF power delivery solution for thin-film industrial applications. This platform combines digitally-controlled power supplies with a digital impedance matching network, offering precise and repeatable control, enhancing process stability, and maximizing yield. Features include frequency tuning and real-time power measurement, making it suitable for sectors like solar panel and automotive glass manufacturing. The ALTA power supply ranges from 1.5 kW to 6 kW, ensuring robust delivery and seamless integration with advanced communication interfaces.

Steel Partners Holdings L.P. (NYSE: SPLP) has successfully completed the sale of its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (NASDAQ: AEIS). The transaction value is approximately $144.5 million, subject to customary purchase price adjustments. SL Power Electronics specializes in power conversion solutions for sectors including medical, lighting, and industrial.

White & Case LLP acted as legal counsel for this transaction, signaling a strategic realignment for Steel Partners as it focuses on its core business interests.

Advanced Energy Industries, Inc. (AEIS) has completed its acquisition of SL Power Electronics Corporation from Steel Partners Holdings L.P. (SPLP). This acquisition expands AE's addressable market by over $400 million and enhances its product offerings in the industrial and medical sectors. The deal is projected to be accretive to 2022 earnings on a non-GAAP basis and aims to generate over $4 million in annual cost synergies. Management plans to provide further details during the first quarter financial results announcement on May 4, 2022.

Advanced Energy (Nasdaq: AEIS) will announce its first quarter 2022 financial results after market close on May 4, 2022. A conference call with management is scheduled for the same day at 4:30 p.m. Eastern Time. Participants can join by dialing (877) 428-7458 or +1 (862) 298-0702 for international calls. The event will also be available as a live and archived webcast on the company’s Investors page. Advanced Energy is a leader in precision power conversion solutions for various industries, headquartered in Denver, Colorado.

Advanced Energy (Nasdaq: AEIS) has appointed Elizabeth K. Vonne as the new executive vice president, general counsel, and corporate secretary, effective April 15, 2022. Vonne brings over 20 years of legal experience, having previously worked at Mesa Laboratories, where she served as vice president, legal, general counsel, and secretary. She replaces Tom McGimpsey, who is retiring after more than 13 years with the company. This leadership change aims to strengthen the organization as it advances its growth plans and technology investments.

Steel Partners Holdings L.P. (NYSE: SPLP) has announced the sale of its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (NASDAQ: AEIS) for approximately $144.5 million. This transaction is expected to close in Q2 2022, pending customary conditions. The sale aims to strengthen Steel Partners' balance sheet and enhance its leverage metrics, supporting long-term growth strategies. Executive Chairman Warren Lichtenstein emphasized the strategic fit of Advanced Energy as a buyer, expressing gratitude for SL Power's employees and management.

Advanced Energy has announced the acquisition of SL Power Electronics Corporation from Steel Partners Holdings for $144.5 million. This acquisition enhances Advanced Energy's offerings in medical and advanced industrial applications, expected to increase its addressable market by over $400 million. SL Power, generating $66.0 million in revenue in 2021, will provide synergies and cross-selling opportunities, alongside a boost in Advanced Energy's earnings. The transaction is anticipated to close in Q2 2022.

Advanced Energy (NASDAQ: AEIS) has launched the LCM4000HV series of configurable power supplies, designed for LED lighting solutions in horticulture and commercial spaces. Rated for up to 4000 W with 95% efficiency, these power modules offer hot swap functionality, simplifying maintenance and scalability. The combination with the new LCM12K 19” rack mount shelf allows for centralized DC power distribution, promising to cut conversion costs by up to 50%. The modules also support flicker-free current output and are compliant with DLC standards.

Advanced Energy Industries (NASDAQ: AEIS) announced its participation in several upcoming investor conferences. These include the Citi Global Industrial Tech and Mobility Conference on February 22, 2022, the Berenberg Industrial Technologies Conference on March 3, 2022, and the Susquehanna 11th Annual Technology Conference on March 4, 2022. The company specializes in precision power conversion, measurement, and control solutions, serving diverse industries like semiconductors and healthcare. For more information, visit www.advancedenergy.com.