Advanced Energy Industries, Inc. (NasdaqGS:AEIS) acquired Versatile Power, Inc. on December 31, 2020. The Advanced Energy Industries, Inc. expects Versatile Power acquisition to be accretive to earnings within this year. Advanced Energy Industries, Inc. (NasdaqGS:AEIS) completed the acquisition of Versatile Power, Inc. for $7.3 million on December 31, 2020. Advanced Energy Industries paid a cash of $5.5 million, net of $0.25 million cash acquired. Advanced Energy Industries also paid $1.5 million contingent consideration.