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Slide #88. Advanced Energy Industries, Inc. — REFUsol Holding GmbH
Advanced Energy Industries, Inc. (NASDAQ:AEIS)
REFUsol Holding GmbH
Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced it has acquired REFUsol Holding GmbH, a leading provider of three-phase string solar PV inverters for commercial applications. Three-phase string inverters are ideally suited for rooftop and potentially larger installations and are becoming one of the fastest-growing inverter applications worldwide. This acquisition is expected to accelerate Advanced Energy's Solar Energy revenue to greater than $400 million in 2014 and should be accretive to earnings in the next 12 months.
Advanced Energy Industries designs, manufactures, sells and supports precision power products that transform, refine and modify the raw electrical power from the utility and convert it into various types of usable power that is predictable, repeatable and customizable. Co.'s power products are solutions that are designed to deliver precise power, control and measurements of processes used in a set of applications in semiconductor device manufacturing, thin film deposition of materials, thermal power control, instrumentation and gas detection and monitoring. Co.'s embedded power products are solutions designed to provide power in applications across industrial technology applications.
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