Advanced Energy Industries acquires UK high-voltage power business

Advanced Energy Industries acquires UK high-voltage power business

Business news |
By eeNews Europe

Advanced Energy is focused on power and control technologies for thin-film manufacturing and solar power generation.  

HiTek Power’s product architecture, encapsulation technology and control algorithms, combined with a knowledge of customer-specific applications have made the company become a leading provider of critical, high-end, high voltage power solutions.  

Yuval Wasserman, President of Thin Films at Advanced Energy said: "From its OEM-oriented business model, to its shared semiconductor customers, familiar manufacturing process, and complementary engineering skills, HiTek strengthens our position. We plan to expand HiTek’s high voltage offerings into new geographical regions by capitalizing on our established global distribution network."

“The acquisition by Advanced Energy presents a perfect platform for HiTek Power to expand its sales of standard and custom products worldwide by the utilisation of an extensive global sales, service and distribution network with world-class manufacturing capabilities.  The level of synergy and understanding between the companies will ensure a stable platform for existing customers, a highly focused technology roadmap and a very positive long term growth outlook,” commented Gary Byfield, General Manager of the HiTek Power Group.

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