# XP Power acquires Glassman High Voltage for £31.8m in cash

XP Power is acquiring Glassman High Voltage for £31.8 million in cash, funded by extending its credit facility, to expand its high-voltage and high-power product portfolio.

- Type: Acquisition
- Announced: 2018-05-10
- Value: $44.5M (31.8M GBP)
- Status: announced
- Products: high-voltage power products, high-power products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [XP Power](https://endata.com/companies/3253.md) (acquirer)
- [Glassman High Voltage](https://endata.com/companies/3254.md) (target)

## Sources

- [edisongroup.com](https://www.edisongroup.com/research/rounding-out-the-portfolio/21042/), 2018-05-10: "XP is paying £31.8m in cash, funded by extending the company’s credit facility, and expects the deal to be earnings enhancing in FY18."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.