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XP Power acquires Comdel for $23m

02 October 2017 07:09

XP Power has acquired radio frequency power supply provider Comdel for $23m

The purchase was funded with a new revolving credit facility of US$40m, with a $20m additional accordion option.

The funding will also assist the company’s inorganic growth strategy, XP Power said.

"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," XP Power chief executive Duncan Penny said.

Story provided by StockMarketWire.com

Related Company: XPP

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