14.04.2014 15:36:16
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Advanced Energy Buys HiTek Power Group - Quick Facts
(RTTNews) - Advanced Energy Industries, Inc. (AEIS) Monday said it has acquired HiTek Power Group, a privately-held provider of high voltage power solutions.
Advanced Energy is a provider of innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation
Based in the U.K., HiTek offers a comprehensive portfolio of high voltage and custom built power conversion products ranging from 100V to 500kV designed to meet the demanding requirements of OEMs worldwide.
These products target applications such as semiconductor wafer processing and metrology, scientific instrumentation, mass spectrometry, industrial printing, and analytical x-ray systems for industrial and analytical applications.
HiTek has a unique product architecture, encapsulation technology and control algorithms. This acquisition is expected to be accretive within the next year and accelerate Advanced Energy's revenue and profitability over time.
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