DGAP-News: 3W Power S.A. / AEG Power Solutions / Schlagwort(e):
3W Power S.A. / AEG Power Solutions:
28.01.2014 / 00:35
Advanced Energy Industries and AEG Power Solutions Partner in Power Control
– Advanced Energy Industries acquires AEG Power Solutions Power Control
Modules business and enters into long-term manufacturing agreement
– AEG Power Solutions will focus on the Power Control Systems business
and continue to manufacture the modules in Warstein-Belecke (Germany)
Belecke, January 27, 2014, AEG Power Solutions, a global provider of power
electronics systems and solutions for industrial power supplies and
renewable energy applications, today announced that AEG Power Solutions
GmbH, its German subsidiary, entered into a contract to divest their power
control modules business to Advanced Energy Industries Germany, GmbH,
Metzingen, Germany, a subsidiary of Advanced Energy Industries, Inc.
(Advanced Energy Industries) Colorado, USA. Advanced Energy Industries is
a global leader in reliable power conversion solutions used in thin-film
plasma manufacturing processes and solar energy generation.
The power control modules activity represents annual revenues of EUR14
million. AEG Power Solutions has entered into a long term manufacturing
agreement to produce the modules for Advanced Energy Industries at its
principle factory in Warstein-Belecke, Germany.
AEG Power Solutions will continue to focus on its core areas of competitive
strength in delivering high quality power systems and solutions for
infrastructure, industrial and demanding commercial applications, and
advanced solutions for renewable energies and next generation distributed
power generation. In this perspective, power control modules are non-core
to the Group.
‚With Advanced Energy Industries we found a strong and credible partner who
will further develop the power control modules business‘, said Jeffrey
Casper, CRO and member of the Board of Directors. ‚This agreement is an
important step to the ongoing reorganization of the AEG Power Solutions
Under the agreement, Advanced Energy Industries has acquired the
Thyro-Family product line for EUR22 million in cash plus a one year cash
earn-out of up to EUR1 million, payable in cash, if the EBITDA target for
the product line is met in the first 12 months after closing.
About AEG Power Solutions
AEG Power Solutions (AEG PS) Group is a global provider of power
electronics systems and solutions for all industrial and demanding
commercial power requirements offering one of the most comprehensive
product and service portfolios in the area of uninterruptible power supply
and power management.
Thanks to its distinctive expertise bridging both AC and DC power
technologies and spanning the worlds of both conventional and renewable
energy, the company creates innovative solutions for next generation
distributed power generation.
AEG Power Solutions Group is the sole subsidiary of the holding company 3W
Power S.A. (WKN A0Q5SX / ISINLU0953526265), based in Luxembourg. The Group
is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power
are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).
For more information, visit www.aegps.com.
About Advanced Energy
Advanced Energy (NasdaqGM:AEIS) 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.
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
For further information, please contact:
Katja Buerkle Claire Pairault Investor Relations Corporate Communications AEG Power Solutions AEG Power Solutions Tel.: +31 20 4077 854 Tel.: +331 555511076 Mobile: +31 6 1095 9019 Mobile:+33 6 19609164 Email: firstname.lastname@example.org E-Mail: email@example.com
Ende der Corporate News
28.01.2014 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch die DGAP – ein Unternehmen der EQS Group AG.
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Unternehmen: 3W Power S.A. / AEG Power Solutions
19, rue Eugène Ruppert
Telefon: +31 20 4077 863
Fax: +31 20 4077 875
ISIN: LU0953526265, DE000A1A29T7,
WKN: A1W2L4, A1A29T,
Börsen: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
Ende der Mitteilung DGAP News-Service