German High-voltage Acquisitions
XP Power is a developer and designer of power control solutions, with production facilities in China, Vietnam and the United States and design, service and sales teams across Europe, the United States and Asia. It has acquired two German companies, FuG Elektronik GmbH and Guth High Voltage GmbH which specialises in high-voltage power solutions, from a single vendor for cash of €39m/£32.8m, funded by existing debt facilities. The deal extends XP’s product range and strengthens its position in Europe. With higher combined operating margins than XP, the company expects the deal to be earnings enhancing this year.