XP Power
{{Infobox company
| name = XP Power
| logo = XP Power new logo.png
| type = Public limited company
| traded_as = {{lse|XPP}}
| foundation = {{start date and age|df=yes|1988}}
| location = Tai Seng, Singapore
| key_people = {{ubl
|James Peters (chairman)
|Gavin Griggs ( CEO)
}}
| industry = Critical power control systems
| products =
| revenue = {{decrease}} £247.3 million (2024){{cite web|url=https://corporate.xppower.com/storage/reports/XP-Power-Earnings-Release-2024.pdf|title=Annual Results 2024|publisher=XP Power|access-date=4 March 2025}}
| operating_income = {{decrease}} £25.1 million (2024)
| net_income = {{decrease}} £(9.4) million (2024)
| num_employees =
| parent =
| subsid =
| homepage = {{URL|https://www.xppowerplc.com/}}
| footnotes =
}}
XP Power is a manufacturer and supplier of critical power control systems. It also handles the design, development and support of power control systems. It is listed on the London Stock Exchange.
History
The company was founded by James Peters in 1988.{{cite web|url=https://knowledge.sharescope.co.uk/2020/02/14/xp-power/|title=XP Power|publisher=Sharescope|access-date=6 March 2020}} 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.{{cite web|url=https://www.sharesmagazine.co.uk/article/xp-power-eyes-new-acquisition-push|title=XP Power eyes new acquisition push|date=3 May 2018|publisher=Shares Magazine|access-date=6 March 2020}} It also bought Glassman, a US-based supplier of higher-voltage power supplies equipment, for £32 million in May 2018.{{cite web|url=https://www.sharesmagazine.co.uk/article/xp-powers-glassman-acquisition-looks-very-clever|title=XP Power's Glassman acquisition looks very clever|date=17 May 2018|publisher=Shares Magazine|access-date=6 March 2020}}
The company acquired FuG Elektronik GmbH, and Guth High Voltage GmbH in Germany for about €39 million in January 2022.{{cite news|url=https://www.rttnews.com/3258528/xp-power-buys-fug-elektronik-guth-high-voltage-for-39-mln-euros-in-cash.aspx|title=XP Power Buys FuG Elektronik, Guth High Voltage For 39 Mln Euros In Cash|date=31 January 2022|publisher=RTT News|access-date=19 August 2023}}
Operations
The company has manufacturing facilities at Kunshan in China and at Ho Chi Minh City in Vietnam.{{cite web|url=https://www.ft.com/content/46d052b8-6446-11e1-b30e-00144feabdc0|title=Vietnam offers companies China alternative|date=14 March 2012|publisher=Financial Times|access-date=6 March 2002}}
References
{{reflist}}
External links
- [https://www.xppowerplc.com/ Official site]
Category:Companies established in 1988