“Today's acquisition is part of our strategic initiative to grow our Industrial business,” said Yuval Wasserman, president and CEO. “Trek is our third acquisition of high-voltage products ─ adding to our Specialty Power product offerings and expanding our global organization and addressable market.”
Trek’s standard and custom OEM, high voltage power supplies and electrostatic measurement tools are used in semiconductor, aerospace, automotive, medical, defense, PV solar and test and measurement applications.
Under the terms of the agreement, Advanced Energy acquired the company in all-cash transaction for approximately $12 million. With 2017 revenue of approximately $20 million, this acquisition is expected to be immediately accretive to earnings. Further transaction terms were not disclosed.
