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Advanced Energy Industries Acquires Excelsys

Photonics.com
Jul 2017
FORT COLLINS, Colo., July 24, 2017 — Power control technology provider Advanced Energy Industries Inc. has acquired power supply manufacturer Excelsys Technologies Ltd.

"Today's acquisition of Excelsys is part of our ongoing strategy to grow and diversify our industrial business by adding new power products and applications to our robust portfolio," said Yuval Wasserman, president and CEO of Advanced Energy Industries. "With a complementary platform of electronic power supplies for mission-critical applications, Excelsys joins our specialty power organization, increasing our presence in new areas within medical equipment, metrology, lasers and general industrial applications."

Excelsys designs and manufactures high-efficiency and highly reliable power supplies for a variety of industrial markets.

"We are excited to join Advanced Energy, a global leader in precision power conversion," said Gary Duffy, leader and former CEO of Excelsys. "Through the combined companies, our customers will now have access to a host of additional value-added products and services as we work together to expand Advanced Energy's leading, competitive position worldwide and maintain the high levels of reliability and customer service."

Advanced Energy is a provider of power and control technologies for high-growth, precision power solutions for thin-film processes and industrial applications.

GLOSSARY
metrology
The science of measurement, particularly of lengths and angles.
power
With respect to a lens, the reciprocal of its focal length. The term power, as applied to a telescope or microscope, often is used as an abbreviation for magnifying power.
BusinessindustrialAdvanced Energy IndustriesExcelsys Technologiesmergers and acquisitionsmetrologylasersenergypowerAmericasEurope

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