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Power-One Strengthens High-Density DC/DC Converter Leadership with the Acquisition of di/dt, Inc.

Publication: Business Wire
Publication Date: 14-FEB-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors/High-Tech Writers

CAMARILLO, Calif.--(BUSINESS WIRE)--Feb. 14, 2003

Acquisition Highlights

-- di/dt is a technology leader in the design and manufacture of high-density DC/DC converters. -- Power-One paid approximately 1.4 million shares of Power-One stock, and may pay up to an additional 1 million shares in earn-out to acquire di/dt. -- The acquisition expands Power-One's packaging and development expertise and manufacturing technology. -- Combining the two companies will apply the technology of di/dt to innovative new products for Power-One's large, worldwide customer base and distribution channels.

Power-One Inc. (Nasdaq:PWER) today announced that it has acquired di/dt Inc., a Delaware corporation based in Carlsbad, Calif. di/dt is a technology-leading supplier of high-density DC/DC converters, or "bricks," used mainly in communications systems and networking environments. Power-One is one of...

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