Advanced Energy Industries

Advanced Energy Industries designs and manufactures precision power conversion, measurement, and control solutions for manufacturing and industrial processes worldwide. The company offers process power solutions including DC, pulsed DC, low-frequency AC, high-voltage, and RF power supplies, RF matching networks, and remote plasma sources for reactive gas applications and RF instrumentation. It provides power control modules and thermal instrumentation for rapid thermal processing, chemical vapor deposition, crystal growth, and semiconductor and thin-film manufacturing, as well as high-voltage products for wafer processing, metrology, electrostatic clamping, scientific instrumentation, mass spectrometry, and analytical X-ray systems. The portfolio includes gas detection and monitoring products for automotive, energy, environmental control, aerospace, medical, and research sectors; amplifiers, power supplies and generators; electrostatic discharge sensors and monitors; photonic-based measurement solutions; and repair, upgrade, refurbishment, and used equipment services. Sales are conducted through direct channels, independent representatives, channel partners and distributors. Headquartered in Denver, Colorado.

Stephen D. Kelley

President and CEO

Mike McDonald

Vice President of Global Services

Paul Oldham

CFO and Executive Vice President

8 past transactions

SL Power Electronics

Acquisition in 2022
SL Power Electronics is a prominent manufacturer of power conversion solutions, serving original equipment manufacturers (OEMs) across various sectors, including medical, lighting, audio-visual, controls, and industrial applications. With nearly 60 years of experience, the company provides a diverse range of products, including standard, modified standard, and fully customized turnkey solutions. SL Power's offerings are designed to meet the demands of mission-critical applications, emphasizing superior performance in thermal management, reliability, electromagnetic interference (EMI), electromagnetic compatibility (EMC), and power density. The company's commitment to delivering high-quality power conversion equipment positions it as a leader in the industry.

Tegam

Acquisition in 2021
Tegam is a manufacturer and designer of metrology and calibration instrumentation, serving the semiconductor and advanced industrial markets globally. The company specializes in providing instruments that enable accurate and repeatable temperature measurements, particularly in challenging environments such as food processing. By focusing on precision and reliability, Tegam supports its clients in achieving high standards of measurement and quality control in their operations.

Versatile Power

Acquisition in 2021
Versatile Power is a manufacturer specializing in robust power and power delivery systems, catering to diverse sectors including medical, industrial, military, and telecommunications. The company offers a variety of solutions, including custom OEM power supplies, programmable power supplies, and field-proven standard products. With a focus on high reliability and cost-effective solutions, Versatile Power employs digital architecture and modern assembly techniques in their designs. Located in Silicon Valley, the company’s engineering and manufacturing operations are integrated, allowing for innovative development and rapid adaptation to market changes. Their commitment to creativity has led to multiple patents across a range of technologies and applications, positioning Versatile Power as a leader in the power solutions industry.

LumaSense Technologies

Acquisition in 2018
LumaSense Technologies Inc. specializes in the development of temperature and gas sensing devices tailored for various markets, including energy, industrial, clean technology, and commercial sectors. The company offers a diverse range of products, such as infrared thermometers, thermal imaging systems, gas monitoring instruments, and specialized sensors for applications in petrochemicals and industrial processes. Their solutions are designed to address complex temperature and gas sensing challenges, enabling clients to enhance process efficiency and minimize waste. LumaSense also provides comprehensive support services, including training, consulting, calibration, and maintenance, ensuring optimal performance of their sensing technologies. Established in 2002 and headquartered in Santa Clara, California, LumaSense operates as a subsidiary of Advanced Energy Industries, Inc. With over 50 years of experience in light-based measurement, the company is committed to delivering reliable and innovative solutions that promote sustainability and operational efficiency across various industries.

Excelsys Technologies

Acquisition in 2017
Excelsys Technologies Ltd. specializes in the design and manufacture of high-efficiency power supplies and LED drivers tailored for various sectors, including industrial, medical, communications, and military applications. The company provides a range of products, including modular, alternative, and direct current power supplies, as well as custom solutions for diverse applications, such as industrial automation, medical equipment like diagnostic tools and lasers, and telecommunications infrastructure. Additionally, Excelsys Technologies serves the aerospace and avionics markets, supplying power solutions for radar systems and mobile communications. The company's LED products cater to both indoor and outdoor lighting needs, covering street lighting, displays, and commercial refrigeration. Founded in 1999 and headquartered in Little Island, Ireland, Excelsys operates globally through a network of distributors and representatives, focusing on customer service and product quality. The company also offers technical support services to enhance user experience and ensure optimal performance of its products.

UltraVolt

Acquisition in 2014
UltraVolt, Inc., based in Ronkonkoma, New York, was established in 1990 and leverages over 35 years of expertise in the military and aerospace sectors. The company specializes in the design and manufacturing of high-voltage power supply modules and rack-mount power supplies, specifically DC-to-DC high-voltage power converters. UltraVolt's products are utilized across a wide range of industries, including medical equipment such as CT scanners, MRIs, and X-rays, as well as laboratory diagnostic tools, aerospace and industrial applications, and semiconductor fabrication equipment. The company’s commitment to innovation is supported by a focused research and development strategy, which was informed by a comprehensive market survey of over 100 industries and 400 applications.

Advanced Energy

Acquisition in 2012
A robust, coordinated suite of power generation specifically designed to enable advanced, high-tech coatings. Solvix is the European specialist in electrical supply and generator units for high technology applications in the surface treatment and thin film industry. They are involved in two fields of application: i) the distribution on the market of the new MAGIX generators, exceptionally high in performance and ii) the development of complete turnkey systems, from preliminary feasibility study to after-sales service, including design and perfecting of prototypes. The systems and products supplied by Solvix, used in the process of high-tech surface treatment are characterized by their reliability and flexibility.

PV Powered

Acquisition in 2010
PV Powered is a manufacturer and distributor of grid-tied photovoltaic inverters, established in 2003 in Bend, Oregon. The company focuses on designing, manufacturing, and marketing innovative solar inverters for residential, commercial, and utility applications. With a commitment to enhancing the reliability and efficiency of solar power systems, PV Powered addresses key challenges in the solar industry, such as improving inverter reliability, reducing system lifecycle costs, and facilitating the scalability of distributed solar resources on the utility grid. The company offers a standard 10-year nationwide warranty, with an option for a 20-year extended warranty, reflecting its confidence in product quality. Additionally, PV Powered collaborates with industry technology leaders to provide a variety of performance monitoring solutions and DC-DC conversion technologies, thereby simplifying installation and lowering costs for customers.
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