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Advanced Energy Acquires Airity Technologies, Enhancing Precision Power Conversion Leadership
Slice of Energy Team
July 01, 2024
Key Highlights:
Advanced Energy acquires Airity Technologies, a leader in high voltage power conversion.
Airity’s GaN-based technologies enhance power density and response time.
Acquisition accelerates innovation in precision power conversion market.
Financial impact on 2024 forecasts is expected to be immaterial.
Terms of the acquisition were not disclosed.
Source (Business Wire)
Notable Quote:
“The acquisition of Airity Technologies extends our technology leadership and will accelerate our innovation in the precision power conversion market. We have worked closely with the Airity team over the past year and are very excited that they will be joining Advanced Energy.”
Our Take:
The acquisition of Airity Technologies by Advanced Energy is a strategic move that significantly strengthens Advanced Energy’s position in the precision power conversion market. By integrating Airity’s cutting-edge Gallium Nitride (GaN) based technologies, Advanced Energy can offer enhanced power density and improved response times, catering to a wider array of applications across semiconductor, industrial, and medical markets. This acquisition not only broadens Advanced Energy's technological capabilities but also reinforces its commitment to innovation and customer-centric solutions. Although the immediate financial impact may be minimal, the long-term benefits in terms of market reach and technological advancement are poised to be substantial.