Advanced Energy Snaps Airity Technologies of Redwood City, California, Financial Terms Unidisclosed
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries, Inc. (NASDAQ:AEIS) has acquired Airity Technologies, a provider of high voltage power conversion products. The acquisition will enhance AEIS's portfolio with Gallium Nitride (GaN) based technologies, improving power density and response time for semiconductor, industrial, and medical applications.
June 24, 2024 | 10:01 am
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Advanced Energy Industries, Inc. (NASDAQ:AEIS) has acquired Airity Technologies, which will enhance AEIS's product offerings with advanced GaN-based high voltage power conversion technologies. This acquisition is expected to improve AEIS's market position in semiconductor, industrial, and medical applications.
The acquisition of Airity Technologies by AEIS is likely to have a positive short-term impact on AEIS's stock price. The addition of GaN-based technologies will enhance AEIS's product offerings, potentially leading to increased market share and revenue in key sectors.
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