© dmitriy shironosov dreamstime.com Business | January 13, 2021
Advanced Energy acquires RF specialist
Advanced Energy, a provider of precision power conversion, measurement, and control solutions, has completed the acquisition of Versatile Power, a Campbell, California-based provider of radio frequency (RF) and programmable power supplies for medical and industrial applications.
The acquisition expands AE’s presence in the medical market by adding technologies, deep customer relationships, as well as a technical team with expertise in medical design and a medical-certified manufacturing center. “Versatile Power brings a long history in providing RF power supplies for therapeutic applications, consistent with our strategy to accelerate our presence in the medical equipment industry," says President and CEO Yuval Wasserman. “We continue to use strategic acquisitions to expand our reach and content by enhancing our portfolio of products and technologies.” The Company expects this acquisition to be accretive to earnings within this year. Terms of the acquisition were not disclosed.
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