Advanced Energy acquires Airity Technologies
Advanced Energy Industries has announced its acquisition of high voltage power conversion technologies provider, Airity Technologies. The highly engineered, precision power conversion, measurement and control solutions specialist hopes the move will further establish its position in the precision power conversion sector.
Airity Technologies’ adds a portfolio of Gallium Nitride (GaN) based high frequency, power conversion, and pulsing technologies. These solutions aim to improve power density and response time. By leveraging these systems, Advanced Energy is aiming to address a broader range of applications in its target markets.
“The acquisition of Airity Technologies extends our technology leadership and will accelerate our innovation in the precision power conversion market,” said Steve Kelley, President and Chief Executive Officer of Advanced Energy. “We have worked closely with the Airity team over the past year and are very excited that they will be joining Advanced Energy.”
The terms of the deal have not been disclosed, and the acquisition is expected to be immaterial to 2024 financial forecasts.