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XP Power
Power control systems company
From Wikipedia, the free encyclopedia
XP Power is a manufacturer and supplier of critical power control systems. It also handles the design, development and support of power control systems. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]
History
The company was founded by James Peters in 1988.[3] It was the subject of an initial public offer on the London Stock Exchange in 2000 and went on to acquire Emco, a US-based power supplies business, for $12 million in November 2015, and Comdel, another US-based power supplies business, for $23 million purchase in October 2017.[4] It also bought Glassman, a US-based supplier of higher-voltage power supplies equipment, for £32 million in May 2018.[5]
The company acquired FuG Elektronik GmbH, and Guth High Voltage GmbH in Germany for about €39 million in January 2022.[6]
Operations
The company has manufacturing facilities at Kunshan in China and at Ho Chi Minh City in Vietnam.[7]