AcquisitionsAEIS announced the acquisition of Airity Technologies, a company that has developed novel switching converters and proprietary circuitry.
Financial PerformanceXP generated £316 million of revenue in 2023, with a consistent gross margin percentage in line with AE’s target.
Market ExpansionXP Power will extend Advanced Energy’s geographic footprint with an expanded presence in the U.S., Europe and Asia and will allow Advanced Energy to deliver more value to its customers in Industrial, Medical and Semiconductor applications.