M&A Deal Summary

Advanced Energy Acquires LumaSense Technologies

On July 30, 2018, Advanced Energy acquired technology hardware company LumaSense Technologies from Element Partners for 85M USD

Acquisition Highlights
  • This is Advanced Energy’s 1st transaction in the Technology Hardware sector.
  • This is Advanced Energy’s 3rd largest (disclosed) transaction.
  • This is Advanced Energy’s 6th transaction in the United States.
  • This is Advanced Energy’s 1st transaction in California.

M&A Deal Summary

Date 2018-07-30
Target LumaSense Technologies
Sector Technology Hardware
Buyer(s) Advanced Energy
Sellers(s) Element Partners
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

LumaSense Technologies

Santa Clara, California, United States
LumaSense Technologies, Inc. is a developer of sensor devices for energy industry. LumaSense Technologies was founded in 2005 ans id based in Santa Clara, California.

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Buyer(S) 1

Buyer

Advanced Energy

Denver, Colorado, United States

Category Company
Founded 1981
Sector Electronics
Employees10,000
Revenue 1.5B USD (2024)
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 11 of 16
Sector: Technology Hardware M&A 1 of 2
Type: Add-on Acquisition M&A Deals 10 of 14
State: California M&A 1 of 4
Country: United States M&A 6 of 11
Year: 2018 M&A 3 of 3
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Monroe Electronics - Electrostatic Business

Lyndonville, New York, United States

Monroe Electronics, Inc. - Electrostatic Business is a provider of detection and measurement instrumentation serving specific areas of testing and ongoing monitoring of ionization systems across a variety of applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-05 Artesyn Embedded Technologies

Tempe, Arizona, United States

Artesyn Embedded Technologies is a designer, manufacturer, and seller of power conversion and embedded board solutions for infrastructure applications in server and storage, networking, wireless, and telecommunications systems. Artesyn Embedded Technologies, Inc. products are used in middle to high-end servers, data storage devices, routers, hubs, high-speed modems, RF amplification systems, base station controllers and transceivers.

Buy -

Seller(S) 1

SELLER

Element Partners

Wayne, Pennsylvania, United States

Category Growth Capital Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Element Partners is a specialist private equity firm focused on late-stage investments in alternative energy and clean technology companies. Target businesses are at or near profitability with experienced management. Sectors of interest include energy/power, water/environmental controls, chemicals/advanced materials, and manufacturing/industrial. Element Partners was formed in the year 2005 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 21 of 25
Sector: Technology Hardware M&A 4 of 4
Type: Add-on Acquisition M&A Deals 13 of 16
State: California M&A 4 of 4
Country: United States M&A 19 of 22
Year: 2018 M&A 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 TPI

Scottsdale, Arizona, United States

TPI is a developer and volume manufacturer of wind turbine blades and other large-scale composite structures for the transportation and military vehicle markets. TPI Composites was founded in 1968 and is based in Scottsdale, Arizona. TPI was founded in 1968 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Energex

Mifflintown, Pennsylvania, United States

Energex is one of the largest producers of residential and industrial wood pellet fuel in North America, with total annual sales of over 140,000 tons of biofuel. Wood pellet fuel is an environmentally friendly and renewable source of energy, rapidly gaining market shares for applications in residential heating, commercial utility, and CO2 offset markets. Energex was founded in 1993 and is based in Mifflintown, Pennsylvania.

Sell -