Advanced Energy opens new facility in Israel

Wednesday June 5, 2019 0 comments Tags: Fort Collins, Advanced Energy, Yuval Wasserman, Amir Wachs

FORT COLLINS -- Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced the grand opening of its newest facility in Caesarea, Israel.advanced-energy-logo

The new 6,500-square-foot facility includes business offices, a service and repair center and R&D lab. The state-of-the-art facility supports AE’s growth strategy and global expansion, while providing enhanced support for the company’s regional customers in the semiconductor, medical, defense and industrial markets.

The presence of a local, on-site repair facility will help to support AE’s regional customers whose demand is growing for access to high quality local service for their power systems and controls, the company said.

“Our new facility in Israel underscores our commitment to enhancing service and support for our customers,” said Yuval Wasserman, president and CEO of Advanced Energy.

“In addition to bringing AE closer to our existing customers, our local presence provides us with the opportunity to expand our customer base in both the semiconductors and industrial sectors, and within Israel’s fast-growing high-tech market.

“It also positions us to further collaborate with technology centers of innovation in the country.”

“Our new facility brings tremendous value to local customers, by combining sales support, a service center and R&D lab for custom design all under one roof,” added Amir Wachs, AE’s GM for Israel.

AE said it has devoted more than three decades to perfecting precision power, enabling design breakthroughs and driving growth for the world’s leading semiconductor and industrial customers.

The multinational company, with worldwide operations, provides power technology that enables the manufacturing of everyday products in a variety of industries, including medical, automotive, consumer electronics, glass, steel and others.