Analysis

Power-One completes on Magnetek Acquisition

28th October 2006
ES Admin
0

Power-One, Inc has announced the completion of its acquisition of the Power Electronics Group of Magnetek, Inc. Needham & Company acted as exclusive financial advisor to Power-One in the transaction.

Under the terms of the agreement, Power-One has acquired Magnetek’s Power Electronics Group for net $68 million in cash and assumption of approximately $16 million in debt. The transaction has met all applicable regulatory approvals and other customary closing conditions.




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