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Operator Good day, ladies and gentlemen. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. Rhonda Bennetto, Investor Relations. Rhonda Bennetto Thank you, operator.
By now, you should have received a copy of the earnings release that was issued yesterday afternoon. For a copy of this release, please visit our website at advancedenergy. These statements are subject to risks and uncertainties that could cause actual results Acquisitions versus greenfield investments differ materially and are not guarantees of future performance.
Aspirational goals and targets discussed on this conference call or in the presentation materials should not interpreted in any respect as guidance. We will be referring to earnings slides posted on the Investor Relations section of our website.
And finally Advanced Energy will be presenting at the J. We look forward to seeing many of you few at these events. Yuval Wasserman Thank you, Rhonda. And thank you for joining us for our first quarter earnings conference call. The momentum of carried well into the first quarter, giving us a very solid start to the year.
These results demonstrate the solid execution of our growth strategy, and our investment and focus on meeting market technology needs through innovation.
In addition to our strong financial performance, we accomplished several key initiatives in the quarter. We completed the acquisition of Trek, adding complementary high voltage and electrostatic technology products to our specialty power products portfolio.
This is the second acquisition we have completed during the last nine months, in addition to Excelsys, which we closed in July last year. As part of our general and organic strategy, the Trek position is in line with our roll-up plan in the high voltage technology space, joining high-tech power and UltraVolt acquisitions and increasing our SAM in applications such as life science, ion implantation, metrology and analytical equipment.
Following a rigorous and disciplined approach, we are pleased with the six acquisitions we made during the last few years, as all of them have exhibited significant growth and profitability.
Lastly, and most importantly, we deepened our senior leadership team, by hiring Paul Oldham as our new CFO. And we were excited to have him join us beginning tomorrow.This paper adds an important explanatory variable to the well‐established list of factors shown to influence the choice between foreign acquisitions and greenfield investments: the international strategy followed by the multinational company (MNC) in question.
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Home > Publications > Online papers. Online papers. Anne-Wil Harzing - Sat 6 Feb (updated Wed 29 Aug ). This page contains online versions of Anne-Wil's papers and publications.
For more of Anne-Wil's publications, see. As part of our general and organic strategy, the Trek position is in line with our roll-up plan in the high voltage technology space, joining high-tech power and UltraVolt acquisitions . As part of our general and organic strategy, the Trek position is in line with our roll-up plan in the high voltage technology space, joining high-tech power and UltraVolt acquisitions and.