Advanced Energy acquires California RF equipment maker

DENVER — Advanced Energy Industries Inc. (Nasdaq: AEIS) has closed an acquisition of California-based medical-device power supplier Versatile Power Inc.

In a statement, Advanced said the acquisition will help it expand its portfolio in the medical device market. The deal includes a manufacturing center in Versatile’s hometown of Campbell, California.

“Versatile Power brings a long history in providing RF power supplies for therapeutic applications, consistent with our strategy to accelerate our presence in the medical equipment industry,” CEO Yuval Wasserman said in a statement.

The company declined to specify how much it paid for Versatile…