ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2024

ACQUISITION

Schedule of consideration paid

	Consideration
	(in thousands)
Cash paid at closing	$	14,301
Advanced Energy common stock		4,463
Settlement of payables		(654)
Indemnity holdback payable on the one-year anniversary		1,500
Total fair value of purchase consideration	$	19,610

Schedule of fair value of assets acquired and liabilities assumed

	Fair Value
	(in thousands)
Cash	$	539
Current assets and liabilities, net		457
Property and equipment		42
Deferred tax liability		(1,748)
Intangible assets		4,200
Goodwill (not deductible for tax purposes)		16,120
Total fair value of net assets acquired	$	19,610