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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  XP Power Ltd.    XPP   SG9999003735

XP POWER LTD. (XPP)
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XP Power : adds RF power supplies with acquisition of Comdel

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10/04/2017 | 11:15am CEST

Wednesday, October 4, 2017

XP Power, a world-leading developer and manufacturer of critical power solutions for the electronics industry, announces that it has acquired the business and assets of Comdel Inc., a Massachusetts, US-based designer and manufacturer of radio frequency (RF) power supplies. The $23 million deal expands XP Power's product offering into RF power, complementing its extensive range of AC-DC and DC-DC power supplies. Comdel will become the RF Power Division of XP Power and Comdel's CEO, Scott Johnson, will remain with the business to head up the new division.

Comdel and XP Power share several customers, particularly in the semiconductor equipment sector. XP Power will now be able to help these customers streamline their supply chains by delivering more of their requirements from one source.

The deal also brings new customers to XP Power, particularly in photovoltaic and induction heating industries. Comdel products will be available through XP Power's 27 sales offices throughout Europe, North America and Asia.

Duncan Penny, Chief Executive of XP Power, said: 'We are delighted to welcome Comdel to the XP Power Group and are excited about the opportunity of offering its complementary product range through our global sales channel. The acquisition will enable us to provide our existing customers with a comprehensive product offering in RF power, a market segment with robust demand fundamentals but one in which we did not previously specialise. We are confident that Comdel will have a very successful future as part of XP Power.'

XP Power Ltd. published this content on 04 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2017 09:14:07 UTC.

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Financials (GBP)
Sales 2018 199 M
EBIT 2018 42,3 M
Net income 2018 33,5 M
Debt 2018 7,52 M
Yield 2018 2,80%
P/E ratio 2018 16,92
P/E ratio 2019 15,46
EV / Sales 2018 2,85x
EV / Sales 2019 2,56x
Capitalization 560 M
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Mean consensus BUY
Number of Analysts 5
Average target price 40,0  GBP
Spread / Average Target 37%
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Managers
NameTitle
Duncan Penny Chief Executive Officer & Executive Director
James Edwards Peters Non-Executive Chairman
Gavin Peter Griggs Chief Financial Officer & Executive Director
Andy Sng Executive Director & Executive VP-Asia
Michael Laver Executive Director & President-North America
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