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Monthly Archives: September 2006

Power-One gains production in China with acquisition

Power-One has signed a definitive agreement to acquire the power electronics group of Magnetek.for $71.7m in cash and assumption of approximately $16.7m in debt. The transaction is expected to close in October, 2006, subject to customary closing conditions. According to Steve Goldman, chairman of Power-One, the acquisition will increase the firm’s revenues by over 50%. “The Power Electronics group will ...