07:38 AM EDT, 06/24/2024 (MT Newswires) -- Advanced Energy Industries ( AEIS ) said on Monday it had acquired Airity Technologies, a provider of next-generation, high-voltage power conversion products and technologies.

The company said the acquisition of California-based Airity would add a portfolio of Gallium Nitride-based high frequency, power conversion, and pulsing technologies, enabling a step function improvement in power density and response time.

The company did not disclose the deal's financial terms and expects it to be immaterial to 2024 forecasts.