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ACQUISITIONS

3 Months Ended

Mar. 31, 2022

ACQUISITIONS

ACQUISITIONS

NOTE 2.     ACQUISITIONS

TEGAM, Inc.

On June 1, 2021, we acquired 100% of the issued and outstanding shares of capital stock of TEGAM, Inc., which is based in Geneva, Ohio. This acquisition added metrology and calibration instrumentation to Advanced Energy’s RF process power solutions in our Semiconductor and Industrial and Medical markets.

The components of the fair value of the total consideration transferred were as follows:

​

​	​	​	​
Cash paid for acquisition		$	15,430
Holdback	​	​	1,800
Total fair value of consideration transferred	​	​	17,230
Less cash acquired	​	​	(177)
Total purchase price	​	$	17,053

​

The following table summarizes the preliminary values of the assets acquired and liabilities assumed.

​

​	​	​	​
​		Preliminary Fair Value
Current assets and liabilities, net	​	$	3,475
Property and equipment	​	​	734
Operating lease right-of-use assets	​	​	425
Intangible assets	​	​	6,900
Goodwill (deductible for tax purposes)	​	​	5,938
Other non-current assets	​	​	31
Total assets acquired	​	​	17,503
Other non-current liabilities	​	​	25
Operating lease liability	​	​	425
Total liabilities assumed	​	​	450
Total fair value of net assets acquired	​	$	17,053

​

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The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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