{"id":499835,"date":"2021-06-02T06:03:47","date_gmt":"2021-06-02T10:03:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\/"},"modified":"2021-06-02T06:03:47","modified_gmt":"2021-06-02T10:03:47","slug":"advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\/","title":{"rendered":"Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM"},"content":{"rendered":"

<\/p>\n

Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM<\/b><\/p>\n

Acquisition of TEGAM adds<\/b>metrology and calibration instrumentation to Advanced Energy\u2019s RF process power solutions in semiconductor and advanced industrial markets<\/b><\/p>\n

DENVER–(BUSINESS WIRE<\/a>)–
\nAdvanced Energy (Nasdaq: AEIS) \u2013 a global leader in highly engineered precision power conversion measurement and control solutions \u2013 today announced that it has acquired Tegam Inc., a leading provider of metrology and calibration instrumentation used in semiconductor and advanced industrial markets. Based in Geneva, Ohio, TEGAM strengthens Advanced Energy\u2019s leadership in process power by adding complementary RF power instruments and calibration systems and further expands its presence in several advanced industrial markets.\n<\/p>\n

\n\u201cWe are pleased to welcome the TEGAM team to Advanced Energy,\u201d said Steve Kelley, President and CEO of Advanced Energy. \u201cAs the pure play power leader, we are committed to delivering complete solutions to our customers. With this acquisition, we further extend our leadership in RF power by adding TEGAM\u2019s industry-leading metrology and calibration technologies that contribute to the precise control and repeatability of RF power delivery in plasma etch and deposition processes.\u201d\n<\/p>\n

\n\u201cWe are excited to join the Advanced Energy family,\u201d said Andy Brush, former CEO of TEGAM. \u201cCombined, we will enhance the power precision of our customers\u2019 equipment.\u201d\n<\/p>\n

\nUnder the terms of the agreement, Advanced Energy paid $18 million in cash for the acquisition, subject to customary adjustments for net working capital. TEGAM generated approximately $10 million in revenue for its fiscal year ending October 2020. The company expects the acquisition to be accretive to 2021 earnings on a non-GAAP basis.\n<\/p>\n

About Advanced Energy<\/b><\/p>\n

\nAdvanced Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. AE\u2019s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial, manufacturing, telecommunications, data center computing and healthcare. With engineering know-how and responsive service and support around the globe, the company builds collaborative partnerships to meet technology advances, propel growth for its customers and innovate the future of power. Advanced Energy has devoted four decades to perfecting power for its global customers and is headquartered in Denver, Colorado, USA. For more information, visit www.advancedenergy.com<\/a>.\n<\/p>\n

\nAdvanced Energy | Precision. Power. Performance.\n<\/p>\n

Forward-Looking Statements <\/b><\/p>\n

\nCertain statements in this press release, including, without limitation, statements regarding the future business, operating and financial condition of TEGAM and its products 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 the operations and products of TEGAM; expectations surrounding the benefits of TEGAM products; the retention of key employees; the total available market for TEGAM products worldwide; expectations regarding sales performance of TEGAM products; expectations surrounding the TEGAM manufacturing model; as well as the effects of global macroeconomic conditions upon demand for such products. 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<\/a>. Copies may also be obtained from Advanced Energy’s website at www.advancedenergy.com<\/a> 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. As reiterated previously, aspirational goals and targets discussed on conference calls or in the presentation materials should not be interpreted in any respect as guidance. The company assumes no obligation to update the information in this press release.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210602005323\/en\/<\/a><\/span><\/p>\n

For press inquires, contact:<\/b><\/p>\n

\nSian Cummings
\n
Advanced Energy Industries, Inc.
\n
(970) 407 6444
\n
sian.cummings@aei.com<\/a><\/p>\n

For investor relations, contact:<\/b><\/p>\n

\nBrian Smith
\n
Advanced Energy Industries, Inc.
\n
(970) 407 6555
\n
brian.smith@aei.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Ohio Colorado<\/p>\n

INDUSTRY KEYWORDS:<\/b> Semiconductor Hardware Manufacturing Technology Engineering<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM Acquisition of TEGAM addsmetrology and calibration instrumentation to Advanced Energy\u2019s RF process power solutions in semiconductor and advanced industrial markets DENVER–(BUSINESS WIRE)– Advanced Energy (Nasdaq: AEIS) \u2013 a global leader in highly engineered precision power conversion measurement and control solutions \u2013 today announced that it has acquired Tegam Inc., a leading provider of metrology and calibration instrumentation used in semiconductor and advanced industrial markets. Based in Geneva, Ohio, TEGAM strengthens Advanced Energy\u2019s leadership in process power by adding complementary RF power instruments and calibration systems and further expands its presence in several advanced industrial markets. \u201cWe are pleased to welcome the TEGAM team to Advanced Energy,\u201d said … <\/p>\n

Continue reading “Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-499835","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAdvanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM Acquisition of TEGAM addsmetrology and calibration instrumentation to Advanced Energy\u2019s RF process power solutions in semiconductor and advanced industrial markets DENVER–(BUSINESS WIRE)– Advanced Energy (Nasdaq: AEIS) \u2013 a global leader in highly engineered precision power conversion measurement and control solutions \u2013 today announced that it has acquired Tegam Inc., a leading provider of metrology and calibration instrumentation used in semiconductor and advanced industrial markets. Based in Geneva, Ohio, TEGAM strengthens Advanced Energy\u2019s leadership in process power by adding complementary RF power instruments and calibration systems and further expands its presence in several advanced industrial markets. \u201cWe are pleased to welcome the TEGAM team to Advanced Energy,\u201d said … Continue reading "Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-02T10:03:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210602005323r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM\",\"datePublished\":\"2021-06-02T10:03:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\\\/\"},\"wordCount\":712,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210602005323r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/advanced-energy-strengthens-leadership-in-rf-process-power-solutions-with-acquisition-of-tegam\\\/\",\"name\":\"Advanced Energy Strengthens Leadership in RF Process Power Solutions with Acquisition of TEGAM - 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