has acquired
Artesyn is a provider of power conversion equipment and subsystems to the communications industry.
Senior Team
Artesyn Technologies
Type
M&A Buy-Side
Description
Croft & Bender acted as the financial advisor for Computer Products in its transaction with Zytec Corporation. They initiated and successfully negotiated a stock-for-stock merger, resulting in the creation of Artesyn Technologies, Inc. (NASDAQ: ATSN), amidst industry consolidation.
Industries
Technology
has acquired
Artesyn is a provider of power conversion equipment and subsystems to the communications industry.
About
Artesyn is a leading provider of power conversion equipment, real-time systems, and logistics management for the communications industry.
Situation
Croft & Bender initiated a transaction between Computer Products and Zytec Corporation, two publicly traded companies in the same industry. The industry was consolidating and the two companies represented extremely complementary offerings. Croft & Bender was hired by Computer Products to act as financial advisor and negotiate the transaction.
Result
Croft & Bender successfully negotiated a stock-for-stock transaction. The name of the combined entities is Artesyn Technologies, Inc. (NASDQ: ATSN).