Advanced Energy Acquires Solvix SA
November 15 2012 - 8:30AM
Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced that
it has acquired Solvix SA, a privately held company based in
Villaz-Saint-Pierre, Switzerland. A manufacturer of power supplies
for the surface treatment and thin films industry, Solvix brings a
plasma-based sputtering and cathodic arc deposition applications to
AE's existing product portfolio. With its best-in-class arc
detection and suppression technology, Solvix's product line will
enhance AE's offerings in low power and pulsed DC products,
allowing it to expand into new applications and serve a broader
worldwide customer base. With the addition of Solvix's engineering
site in Villaz-Saint-Pierre, AE will also establish a European
engineering and development center for its thin-film industrial
products business, in keeping with its strategy to move closer to
its customers.
"This acquisition is an important step in our Thin Films growth
strategy to expand beyond our traditional applications," said Yuval
Wasserman, president of AE Thin Films. "Focusing on decorative and
hard coating solutions, Solvix will join our Thin Films Industrial
organization, complementing our existing product line with its
technologically differentiated products. We believe this will
strengthen Advanced Energy's competitive position worldwide,
offering our customers a comprehensive DC power suite, while
expanding our technology base to provide improved performance and
address future thin-film deposition needs."
Forward-Looking Language
Statements in this press release, information discussed on the
related analyst day presentation concerning the acquisition of
Solvix SA and expectations related to the addition of its products
to the company are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements are
subject to known and unknown risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied by such statements. Such risks and uncertainties include,
but are not limited to: the successful integration of
selected operations of Solvix SA and our expectations surrounding
the benefits of the Solvix products; as well as the effects of
global macroeconomic conditions upon demand for such products, the
volatility and cyclicality of the industries the company serves,
particularly the semiconductor industry and the industrial
tribology and decorative coating industry, the timing of
orders received from customers, and unanticipated changes to
management's estimates, reserves or allowances. These and other
risks are described in Advanced Energy's Form 10-K, Forms 10-Q and
other reports and statements filed with the Securities and Exchange
Commission. These reports and statements are available on the SEC's
website at www.sec.gov. Copies may also be obtained from
Advanced Energy's website at www.advancedenergy.com or by
contacting Advanced Energy's investor relations
at 970-407-6555. Forward-looking statements are made and based
on information available to the company on the date of this press
release. The company assumes no obligation to update the
information in this press release.
About Advanced Energy
Advanced Energy is a global leader in reliable power conversion
solutions used in thin-film plasma manufacturing processes and
solar energy generation. Founded in 1981, Advanced Energy is
headquartered in Fort Collins, Colorado, with dedicated support and
service locations around the world. For more information, go to
www.advanced-energy.com.
About Solvix
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.
CONTACT: Peter Gillespie
Advanced Energy Industries, Inc.
+1.408.574.2534
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