XP Power
Power-solutions company supplying critical power-conversion and power-control systems for industrial, medical, and technology applications.
Last updated August 31, 2026
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Overview
XP Power is a Singapore-headquartered power-solutions company that designs, manufactures, supplies, and supports products used to convert, regulate, and control electrical power. Its portfolio includes AC-DC power supplies, DC-DC converters, power filters, and higher-voltage power-supply equipment. These products are integrated into equipment where dependable power delivery, electrical isolation, voltage management, electromagnetic compatibility, and application-specific engineering are important. The company was founded in 1988 by James Peters. It became publicly traded through an initial public offering on the London Stock Exchange in 2000 and has subsequently operated as an international listed power-technology business. XP Power has been associated with the FTSE 250 Index and serves customers across industrial, medical, semiconductor, and other technology-oriented markets. Rather than functioning primarily as a consumer-electronics brand, it supplies components and systems to original-equipment manufacturers and other professional users. A major part of XP Power's development has been expansion through acquisitions. In November 2015 it acquired Emco, a United States power-supplies business. In October 2017 it purchased Comdel, another US-based power-supplies company. In May 2018 it acquired Glassman, a US supplier specializing in higher-voltage power-supply equipment. In January 2022 XP Power acquired the German businesses FuG Elektronik GmbH and Guth High Voltage GmbH, extending its high-voltage capabilities and European engineering and manufacturing footprint. The acquisition program broadened the company's product range and strengthened its ability to address specialized power requirements. XP Power's operations include manufacturing facilities in Kunshan, China, and Ho Chi Minh City, Vietnam, alongside engineering, sales, and support activities serving international customers. Its business model combines catalog and standard products with application support, design assistance, and more tailored power solutions. The company is positioned around dependable power conversion for demanding professional equipment rather than low-cost mass-market electronics. The brand's principal customer contexts include industrial machinery and controls, medical equipment, semiconductor-manufacturing systems, communications and technology equipment, and other applications requiring controlled and reliable electrical power. Its corporate identity is therefore closely tied to engineering capability, compliance and reliability requirements, specialized high-voltage technology, and long-term support. XP Power remains listed in London under the ticker XPP.L; detailed current operating, management, and financial information should be taken from the company's latest reports and official disclosures.
History
XP Power was established in 1988 by James Peters as a business focused on power-conversion and power-control technologies. Its products were intended for professional equipment rather than consumer retail, placing the company within the business-to-business electronics and industrial-technology sector. The central technical requirement of its offering was the dependable conversion and management of electrical power for equipment used in demanding operating environments. The company reached an important corporate milestone in 2000 when it completed an initial public offering on the London Stock Exchange. Public listing gave XP Power access to the capital markets and established the London market as the principal venue for its corporate identity. The company later became associated with the FTSE 250 Index, reflecting its position among larger companies listed in the United Kingdom, although its operational headquarters are in Singapore. XP Power's subsequent development included international manufacturing and a strategy of broadening its capabilities through acquisitions. In November 2015, it acquired Emco, a US-based power-supplies business, for approximately US$12 million. The transaction added to XP Power's presence and product capability in the American market. In October 2017, the company acquired Comdel for approximately US$23 million. Comdel was another US-based power-supplies business and further expanded XP Power's specialist portfolio. In May 2018, XP Power bought Glassman for approximately £32 million. Glassman supplied higher-voltage power-supply equipment, an area that complemented XP Power's existing power-conversion activities and gave the group a stronger position in specialized high-voltage applications. The acquisition reflected a continuing effort to move beyond a narrow standard-product offering and serve customers with more technically demanding power requirements. The next significant expansion came in January 2022, when XP Power acquired FuG Elektronik GmbH and Guth High Voltage GmbH in Germany for approximately €39 million. These businesses added German high-voltage expertise and broadened the group's European capabilities. Together with the earlier US acquisitions, the transaction helped create a more geographically distributed and technically diverse business. XP Power's manufacturing footprint includes facilities in Kunshan, China, and Ho Chi Minh City, Vietnam. Its international structure combines manufacturing with engineering, sales, design, development, and customer support. The company supplies products to sectors including industrial technology, medical equipment, semiconductor-related systems, and other technology applications. Its portfolio covers AC-DC power supplies, DC-DC converters, power filters, high-voltage power supplies, and related power-control systems. Through this evolution, XP Power has remained a specialist business-to-business power brand. Its role is generally embedded in the equipment of other manufacturers: the end user may not see the XP Power name, but the company's products can be part of systems that require stable, isolated, filtered, or high-voltage electrical power. The company's differentiation is consequently based on engineering, reliability, compliance, support, and the ability to address specialized requirements. XP Power continues to be listed on the London Stock Exchange under the ticker XPP.L.
- 2022
German high-voltage acquisitions
[1]XP Power acquired FuG Elektronik GmbH and Guth High Voltage GmbH for approximately €39 million.
- 2018
Glassman acquisition
[1]XP Power acquired Glassman, a US supplier of higher-voltage power-supply equipment, for approximately £32 million.
- 2017
Comdel acquisition
[1]XP Power purchased US-based power-supplies business Comdel for approximately US$23 million.
- 2015
Emco acquisition
[1]XP Power acquired US-based power-supplies company Emco for approximately US$12 million.
- 2000
Initial public offering
[1]XP Power became publicly traded through an initial public offering on the London Stock Exchange.
- 1988
XP Power founded
[1]James Peters founded XP Power as a power-conversion and power-control business.
Products and positioning
Engineering-led provider of reliable power-conversion and high-voltage solutions for demanding industrial, medical, semiconductor, and technology applications.
Power conversion
AC-DC power supplies
AC-DC power supplies convert incoming alternating current into regulated direct current for use inside industrial, medical, technology, and other professional equipment. XP Power presents these products as part of its broader power-conversion portfolio, serving both standard equipment designs and applications that require engineering support.
Power conversion
DC-DC converters
DC-DC converters change one direct-current voltage level into another. They are used where different subsystems require separately controlled voltage rails or electrical isolation. Within XP Power's portfolio, these products support compact and specialized electronic systems across industrial, medical, and technology markets.
Power conditioning
Power filters
Power filters help manage unwanted electrical noise and electromagnetic interference in equipment power paths. They complement conversion products by supporting cleaner and more controlled power delivery, an important consideration for sensitive electronics and systems subject to demanding regulatory or operating requirements.
High-voltage power
High-voltage power supplies
High-voltage power supplies provide controlled electrical output for specialized equipment and applications. XP Power expanded this part of its portfolio through the acquisitions of Glassman, FuG Elektronik, and Guth High Voltage, adding capabilities for customers whose equipment requires voltage levels and operating characteristics beyond ordinary low-voltage conversion.
Brand decisions
2022
Acquisition of FuG Elektronik and Guth High VoltageM&ABackground
XP Power sought additional European expertise and capacity in high-voltage power supplies.
Action taken
XP Power acquired FuG Elektronik GmbH and Guth High Voltage GmbH in Germany for approximately €39 million in January 2022.
Aftermath
The transaction strengthened the group's German and European high-voltage capabilities.
Purchase price. €39 million (January 2022 transaction)
2018
Acquisition of GlassmanM&ABackground
XP Power aimed to strengthen its position in specialized and higher-voltage power equipment.
Action taken
The company acquired Glassman, a US supplier of higher-voltage power-supply equipment, for approximately £32 million in May 2018.
Aftermath
Glassman's capabilities expanded XP Power's high-voltage offering.
Purchase price. £32 million (May 2018 transaction)
2017
Acquisition of ComdelM&ABackground
XP Power continued building its specialist power-supplies portfolio through US expansion.
Action taken
XP Power acquired Comdel for approximately US$23 million in October 2017.
Aftermath
The transaction added another US power-supplies business to XP Power's group.
Purchase price. US$23 million (October 2017 transaction)
2015
Acquisition of EmcoM&ABackground
XP Power sought to expand its power-supplies business and US presence.
Action taken
The company acquired Emco, a US-based power-supplies business, for approximately US$12 million in November 2015.
Aftermath
The acquisition broadened XP Power's US operations and power-supply capabilities.
Purchase price. US$12 million (November 2015 transaction)
Recent events
- 2022
XP Power acquires FuG Elektronik and Guth High Voltage[1]
M&A
XP Power acquired the German businesses FuG Elektronik GmbH and Guth High Voltage GmbH for approximately €39 million, strengthening its high-voltage power-supply capabilities.
- 2018
XP Power acquires Glassman[1]
M&A
XP Power acquired Glassman, a US supplier of higher-voltage power-supply equipment, for approximately £32 million.
- 2017
XP Power acquires Comdel[1]
M&A
XP Power purchased Comdel, another US-based power-supplies business, for approximately US$23 million.
- 2015
XP Power completes acquisition of Emco[1]
M&A
XP Power acquired Emco, a US-based power-supplies business, for approximately US$12 million, expanding its power-conversion activities in the United States.
Sources4 sources
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