Advanced Energy Industries Inc. acquired privately held Trek Holding Co. Ltd. in an all-cash transaction valued at about $12 million.
In a Feb. 1 statement, Advanced Energy said the purchase of Trek Holding's portfolio of power supply products will strengthen and accelerate its growth in high-voltage applications.
"Trek is our third acquisition of high-voltage products - adding to our Specialty Power product offerings and expanding our global organization and addressable market," Advanced Energy President and CEO Yuval Wasserman said in a Feb. 1 release.
Trek is located in Tokyo and Lockport, N.Y. It designs, manufactures and sells high-voltage amplifiers, power supplies and generators, electrostatic measurement instruments used in semiconductors and photovoltaic solar, among other things.
