CAMARILLO FIRM WILL GO GLOBAL; POWER-ONE DEAL OPENS TIES TO CHINA.Byline: Gregory J. Wilcox Daily News Staff Writer In a deal that takes its operations into the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, Power-One Inc. on Friday said it would buy a Boston-based manufacturer for $31.75 million. The deal for International Power Devices Inc. opens up a $1.6 billion international market for Camarillo-based Power-One, company officials said. International Power owns a 49 percent stake in a distribution operation in Shenzhen, China. This arrangement has helped International Power capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. growth opportunities of the Chinese communications marketplace and the same should be true for Power-One, officials said. Todd Cooper Todd Cooper (born June 25, 1983 in Kidderminster) is a freestyle and butterfly swimmer from England, who competed at the 2004 Summer Olympics in Athens, Greece. There he finished in 22nd position in the 100m Butterfly. , an analyst at Stephens Inc. in Little Rock, Ark., said that Power-One covers a lot of ground with this deal. ``Power-One has only a few products in the DC/DC converter and that type of power supply is the fastest-growing type in the industry. So in one fell swoop swoop v. swooped, swoop·ing, swoops v.intr. 1. To move in a sudden sweep: The bird swooped down on its prey. 2. they are firmly entrenched en·trench also in·trench v. en·trenched, en·trench·ing, en·trench·es v.tr. 1. To provide with a trench, especially for the purpose of fortifying or defending. 2. in that market,'' Cooper said. International Power's major customers include Cisco, Bay Networks, Nortel and Hewlett-Packard. The deal gives Power-One, which makes a broad range of power supply products, about 2,000 employees worldwide. ``We don't foresee any near-term significant changes in the operations of either IPD IPD Institut für Programmstrukturen und Datenorganisation IPD Investment Property Databank (UK) IPD Integrated Product Development IPD Intellectual Property Department IPD Invasive Pneumococcal Disease IPD Implicit Price Deflator or Power-One until we develop an integration plan in the future,'' said Martin Geller, Power-One's comptroller. International Power, a private company, had sales of about $30 million for the fiscal year ended Dec. 31. The deal is expected to close by month's end. |
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