ADVANCED ENERGY INDUSTRIES, INC.Advanced Energy Industries Inc • November 22nd, 2019 • Electronic components, nec
On May 14, 2019, Advanced Energy Industries, Inc. (the “Company”, “Advanced Energy”, “we” or “our”) entered into a Stock Purchase Agreement (the “Acquisition Agreement”), as amended by the First Amendment to the Purchase Agreement, dated September 9, 2019, with Artesyn Embedded Technologies, Inc. (“Artesyn”), Pontus Holdings, LLC and Pontus Intermediate Holdings II, LLC (collectively the “Sellers”), to acquire Artesyn’s Embedded Power business (“Embedded Power”). Pursuant to the Acquisition Agreement, the Sellers and Artesyn completed a corporate reorganization to divest from Artesyn its Embedded Computing and Consumer businesses (“Artesyn Legacy Businesses”). Following the corporate reorganization, the Company acquired Artesyn’s remaining Embedded Power business by acquiring all of Artesyn’s issued and outstanding shares for a purchase price of $367.8 million including the assumption of certain liabilities and subject to an adjustment for net working capital.
