XP Power
 | |
| Company type | Public limited company |
|---|---|
| LSE: XPP | |
| Industry | Critical power control systems |
| Founded | 1988 |
| Headquarters | Tai Seng, Singapore |
Key people |
|
| Revenue |  £316.4 million (2023)[1] |
 £38.1 million (2023)[1] | |
| £(9.0) million (2023)[1] | |
| Website | www |
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.
History
[edit]The company was founded by James Peters in 1988.[2] 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.[3] It also bought Glassman, a US-based supplier of higher-voltage power supplies equipment, for £32 million in May 2018.[4]
The company acquired FuG Elektronik GmbH, and Guth High Voltage GmbH in Germany for about €39 million in January 2022.[5]
Operations
[edit]The company has manufacturing facilities at Kunshan in China and at Ho Chi Minh City in Vietnam.[6]
References
[edit]- ^ a b c "Annual Results 2023" (PDF). XP Power. Retrieved 5 March 2024.
- ^ "XP Power". Sharescope. Retrieved 6 March 2020.
- ^ "XP Power eyes new acquisition push". Shares Magazine. 3 May 2018. Retrieved 6 March 2020.
- ^ "XP Power's Glassman acquisition looks very clever". Shares Magazine. 17 May 2018. Retrieved 6 March 2020.
- ^ "XP Power Buys FuG Elektronik, Guth High Voltage For 39 Mln Euros In Cash". RTT News. 31 January 2022. Retrieved 19 August 2023.
- ^ "Vietnam offers companies China alternative". Financial Times. 14 March 2012. Retrieved 6 March 2002.