The $44.5million deal will expand XP Power's product offering into standard, modified and custom high voltage, high power conversion products. Typical applications include semiconductor manufacturing equipment, vacuum/plasma processing, analytical instrumentation, medical diagnostics and test equipment.
Glassman and XP Power share several customers, and while there is no direct overlap in product lines, the power supply solutions of the two companies are highly complementary. The deal also brings new customers to XP Power, particularly in the industrial and technology sectors.
Commenting Duncan Penny, Chief Executive of XP Power, said: "Glassman fits directly with our strategy of growing our high power and high voltage capabilities to complete our product offering and expand our addressable market. This is our third such acquisition in just over two years and means we can now offer a full suite of products from miniaturised low power modules to high power rack mount high voltage solutions."