Steel Partners Holdings Announces Closing of Sale of Subsidiary to Advanced Energy Industries

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Apr 25, 2022

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced that it has closed on its previously announced transaction for the sale of 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 was approximately $144.5 million, subject to purchase price adjustments customary for this type of transaction.