M&A
confidence high
sentiment positive
materiality 0.65
Advanced Energy to acquire SL Power for $144.5M; adds medical/industrial power solutions
ADVANCED ENERGY INDUSTRIES INC
- Base purchase price of $144.5M cash-free, debt-free, subject to working capital adjustment.
- SL Power generated $66M revenue in FY2021; expands AE's medical and industrial power TAM by $400M.
- Expected to close Q2 2022, subject to customary closing conditions; no financing contingency.
- Acquisition expected to be accretive to non-GAAP 2022 earnings.
- AE to finance with available cash; Evercore and Foley & Lardner advising.