Steel Partners Holdings Enters Into Agreement for Sale of Subsidiary to Advanced Energy Industries

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Apr 04, 2022

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced that it has entered into an agreement to sell its subsidiary, SL Power Electronics Corporation, to Advanced Energy Industries, Inc. (Nasdaq: AEIS). SL Power Electronics Corporation designs, manufactures, and markets power conversion solutions for original equipment manufacturers in the medical, lighting, audio-visual, controls, and industrial sectors. The total consideration for the sale is approximately $144.5 million, subject to purchase price adjustments customary for this type of transaction.