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Advanced Energy Acquires Airity Technologies
June 24, 2024 | BUSINESS WIREEstimated reading time: Less than a minute
Advanced Energy Industries, Inc., a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced the acquisition of Airity Technologies, a Redwood City, California-based provider of next-generation, high voltage power conversion products and technologies for applications in semiconductor, industrial and medical markets.
Airity Technologies 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. Leveraging Airity’s proven technologies, Advanced Energy will address a broader range of applications in its target markets.
“The acquisition of Airity Technologies extends our technology leadership and will accelerate our innovation in the precision power conversion market,” said Steve Kelley, Advanced Energy’s president and chief executive officer. “We have worked closely with the Airity team over the past year and are very excited that they will be joining Advanced Energy.”
The company expects the acquisition to be immaterial to 2024 financial forecasts. Terms were not disclosed.
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