Steel Partners Holdings LP SPLP:NYSE

Last Price$41.98NYSE Closing Price as of 7:00PM ET 6/30/22

Today's Change+0.34(0.80%)
Bid (Size)$16.66 (1)
Ask (Size)$42.00 (7)
Day Low / High$41.09 - 42.30
Volume5.2 K

Advanced Energy Industries Agrees to Buy SL Power Electronics

7:26AM ET 4/04/2022 MT Newswires
Advanced Energy Industries (AEIS) said Monday that it has agreed to buy SL Power Electronics, a provider of customized power services for medical and advanced industrial applications, from Steel Partners Holdings L.P. (SPLP).

Under the stock purchase deal, Advanced Energy Industries will pay a base purchase price of $144.5 million, on a cash-free, debt-free basis. The company expects to finance the deal with cash on hand.

The deal, which is expected to close in Q2, is expected to be accretive to non-GAAP earnings in 2022.