ADVANCED ENERGY INDUSTRIES INC acquires TEGAM, Inc.

ADVANCED ENERGY INDUSTRIES INC acquired TEGAM, Inc. for $17.2 million (total consideration transferred; $15.4 million cash plus $1.8 million holdback), a transaction completed in June 2021, structured as all cash.

TEGAM, Inc. operates in Metrology and calibration instrumentation, is based in Geneva, Ohio, USA. TEGAM, Inc., based in Geneva, Ohio, acquired via purchase of 100% of its capital stock. Added metrology and calibration instrumentation to Advanced Energy's RF process power solutions.

This acquisition added metrology and calibration instrumentation to Advanced Energy's RF process power solutions in our Semiconductor and Industrial and Medical markets.

Adds metrology/calibration to RF process power across Semiconductor and Industrial & Medical markets Integrated into Advanced Energy's RF process power / measurement portfolio

On June 1, 2021, we acquired 100% of the issued and outstanding shares of capital stock of TEGAM, Inc., which is based in Geneva, Ohio. This acquisition added metrology and calibration instrumentation to Advanced Energy's RF process power solutions in our Semiconductor and Industrial and Medical markets.Advanced Energy, FY2021 Form 10-K, Recent Acquisitions

Advisory firms were not disclosed for this transaction.

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