XP Power

XP Power is a manufacturer and supplier of critical power control systems. It also handles the design, development and support of power control systems. It is listed on the London Stock Exchange.

XP Power
TypePublic limited company
LSE: XPP
IndustryCritical power control systems
Founded1988 (1988)
HeadquartersTai Seng, Singapore
Key people
  • James Peters (chairman)
  • Gavin Griggs ( CEO)
RevenueIncrease £240.3 million (2021)[1]
Decrease £29.7 million (2021)[1]
Decrease £23.0 million (2021)[1]
Websitewww.xppowerplc.com

History

The company was founded by James Peters in 1988.[2] It was the subject of an initial public offer on the London Stock Exchange in 2000 and went on to acquire Emco, a US-based power supplies business, for $12 million in November 2015, and Comdel, another US-based power supplies business, for $23 million purchase in October 2017.[3] It also bought Glassman, a US-based supplier of higher-voltage power supplies equipment, for £32 million in May 2018.[4]

The company acquired FuG Elektronik GmbH, and Guth High Voltage GmbH in Germany for about €39 million in January 2022.[5]

Operations

The company has manufacturing facilities at Kunshan in China and at Ho Chi Minh City in Vietnam.[6]

References
  1. "Annual Results 2021" (PDF). XP Power. Retrieved 1 March 2022.
  2. "XP Power". Sharescope. Retrieved 6 March 2020.
  3. "XP Power eyes new acquisition push". Shares Magazine. 3 May 2018. Retrieved 6 March 2020.
  4. "XP Power's Glassman acquisition looks very clever". Shares Magazine. 17 May 2018. Retrieved 6 March 2020.
  5. "XP Power Buys FuG Elektronik, Guth High Voltage For 39 Mln Euros In Cash". RTT News. 31 January 2022. Retrieved 19 August 2023.
  6. "Vietnam offers companies China alternative". Financial Times. 14 March 2012. Retrieved 6 March 2002.
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