APC acquires Advance Power

BANGALORE: American Power Conversion (APC) has acquired Advance International Group subsidiary, Advance Power, which is engaged in DC-based power solutions used in telecommunications and Internet applications, for $75 million in cash.

According to a release, Advance Power will operate as APC’s newly created DC Network Solutions Group. Advance Power’s family of DC rectifiers delivers technologically advanced efficiency, power density, and temperature range performance, it said.

"The synergistic value of the Advance Power acquisition is significant to APC, Advance Power and our respective customers," said APC’s president and CEO Rodger B. Dowdell, Jr.