Update: Expanding into high-voltage products
With the acquisition of EMCO for £7.8m, XP is expanding its product range to encompass high-voltage products. EMCO brings new verticals and new customers to the group, and should benefit from access to XP’s sales channels. The company expects the deal to be earnings accretive in FY16 – we upgrade our FY15e EPS by 0.2% and FY16e EPS by 1.4%.XP Power is engaged in the design and manufacture of electronic power converters, which is required to convert the power output from the mains wall socket to the usable power that allows the equipment to function. Co. supplies these products to the healthcare, industrial and technology industries.
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