Advanced Energy completed the acquisition of SL Power from Steel Partners for $144m.

Advanced Energy, a provider of highly engineered, precision power conversion, measurement and control solutions, completed the acquisition of SL Power, a provider of customized power solutions, from Steel Partners, a global diversified holding company, for $144m. "The addition of SL Power expands our offerings for industrial and medical applications. I believe SL Power’s strong customer base, complementary product portfolio, and highly skilled team make it an ideal fit for Advanced Energy," Steve Kelley, Advanced Energy President and CEO.