The former Emerson Embedded Computing & Power business of Emerson Network Power relaunched as Artesyn Embedded Technologies.
Platinum Equity, a Los Angeles-based private equity firm, acquired a majority interest in the company from Emerson in November. Emerson retained a 49 percent stake.
Artesyn Embedded Technologies will continue to design and manufacture of highly reliable power conversion and embedded computing solutions for a wide range of industries including communications, computing, medical, military, aerospace and industrial. The company is headquartered in Carlsbad, California and has 20,000 employees worldwide.
“As a standalone private company, Artesyn will create significant value-driven growth based on our global reach, an unrivalled understanding of our customers, excellence in engineering and world class manufacturing. Our energized and dedicated team will continue its outstanding track record of delivering high quality solutions and technology leadership,” stated Jay Geldmacher, CEO of Artesyn Embedded Technologies.
