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XP Power

From Wikipedia, the free encyclopedia
XP Power
Company typePublic limited company
LSEXPP
IndustryCritical power control systems
Founded1988; 36 years ago (1988)
HeadquartersTai Seng, Singapore
Key people
  • James Peters (chairman)
  • Gavin Griggs ( CEO)
RevenueIncrease £316.4 million (2023)[1]
Decrease £38.1 million (2023)[1]
Increase £(9.0) million (2023)[1]
Websitewww.xppowerplc.com

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

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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

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The company has manufacturing facilities at Kunshan in China and at Ho Chi Minh City in Vietnam.[6]

References

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  1. ^ a b c "Annual Results 2023" (PDF). XP Power. Retrieved 5 March 2024.
  2. ^ "XP Power". Sharescope. Retrieved 6 March 2020.
  3. ^ "XP Power eyes new acquisition push". Shares Magazine. 3 May 2018. Retrieved 6 March 2020.
  4. ^ "XP Power's Glassman acquisition looks very clever". Shares Magazine. 17 May 2018. Retrieved 6 March 2020.
  5. ^ "XP Power Buys FuG Elektronik, Guth High Voltage For 39 Mln Euros In Cash". RTT News. 31 January 2022. Retrieved 19 August 2023.
  6. ^ "Vietnam offers companies China alternative". Financial Times. 14 March 2012. Retrieved 6 March 2002.
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