XP Power

XP Power is a manufacturer and supplier of critical power control systems. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

XP Power
Public limited company
Traded asLSE: XPP
IndustryCritical power control systems
Founded1988 (1988)
HeadquartersPangbourne, Reading, United Kingdom
Key people
  • James Peters (chairman)
  • Duncan Penny ( CEO)
Revenue£199.9 million (2019)[1]
£26.7 million (2019)[1]
£20.8 million (2019)[1]
Websitewww.xppowerplc.com

History

The company was founded by James Peters in 1988.[2] It was the subject of an initial public offer on the London Stock Exchange in 2000 and went on to acquire Emco, a US-based power supplies business, for $12 million in November 2015, and Comdel, another US-based power supplies business, for $23 million purchase in October 2017.[3] It also bought Glassman, a US-based supplier of higher-voltage power supplies equipment, for £32 million in May 2018.[4] It has been selected to join the FTSE 250 Index of leading companies in March 2020.[5]

Operations

The company has manufacturing facilities at Kunshan in China and at Ho Chi Minh City in Vietnam.[6]

References
  1. "Annual Results 2019" (PDF). XP Power. Retrieved 6 March 2020.
  2. "XP Power". Sharescope. Retrieved 6 March 2020.
  3. "XP Power eyes new acquisition push". Shares Magazine. 3 May 2018. Retrieved 6 March 2020.
  4. "XP Power's Glassman acquisition looks very clever". Shares Magazine. 17 May 2018. Retrieved 6 March 2020.
  5. "FTSE UK Index Series - Quarterly Review March 2020". 4 March 2020. Retrieved 6 March 2002.
  6. "Vietnam offers companies China alternative". Financial Times. 14 March 2012. Retrieved 6 March 2002.
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