M&A Deal Summary

Advanced Energy Acquires Airity

On June 24, 2024, Advanced Energy acquired electrical equipment company Airity

Acquisition Highlights
  • This is Advanced Energy’s 11th transaction in the Electrical Equipment sector.
  • This is Advanced Energy’s 11th transaction in the United States.
  • This is Advanced Energy’s 4th transaction in California.

M&A Deal Summary

Date 2024-06-24
Target Airity
Sector Electrical Equipment
Buyer(s) Advanced Energy
Deal Type Add-on Acquisition

Target

Airity

Redwood City, California, United States
website
Airity provides high-voltage power conversion products and technologies for applications in semiconductor, industrial, and medical markets. The company adds a portfolio of Gallium Nitride (GaN) based high frequency, power conversion, and pulsing technologies, which enable a step function improvement in power density and response time. Airity is based in Redwood City, California.

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Buyer(S) 1

Buyer

Advanced Energy

Denver, Colorado, United States

website


Category Company
Founded 1981
Sector Electronics
Employees10,000
Revenue 1.7B USD (2023)
DESCRIPTION
Advanced Energy's corporate headquarters in Fort Collins, Colorado.
Advanced Energy's corporate headquarters in Fort Collins, Colorado.

Advanced Energy is a producer of power and control technologies for the high-growth, thin-film manufacturing and solar-power generation industries. Advanced Energy targets solar grid-tie inverters, solar cells, semiconductors, flat panel displays, data storage products, architectural glass and other advanced applications. Advanced Energy was founded in 1981 and is based in Denver, Colorado.


DEAL STATS #
Overall 16 of 16
Sector (Electrical Equipment) 11 of 11
Type (Add-on Acquisition) 14 of 14
State (California) 4 of 4
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 SL Power

Calabasas, California, United States

SL Power is a supplier of power conversion solutions for medical and advanced industrial applications. The company offers medical and advanced industrial original equipment manufacturers (OEMs) an extensive portfolio of standard, modified standard, and custom solutions with superior performance that meet the stringent requirements of mission-critical applications. SL Power was formed in 1960 and is based in Calabasas, California.

Buy $145M