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XP Power ( (GB:XPP) ) has issued an update.
XP Power Ltd has experienced a change in its shareholder structure as Steel Connect Sub LLC, a subsidiary of Steel Partners Holdings L.P., acquired a 7.57% voting rights stake in the company. This acquisition could influence XP Power’s strategic decisions and market positioning, given the significant influence of Warren G. Lichtenstein, the ultimate controlling person of Steel Partners Holdings L.P., who now holds a substantial indirect stake in XP Power.
More about XP Power
XP Power Ltd is a company operating in the power solutions industry, focusing on the development and supply of power converters. These products are essential for a range of sectors, including healthcare, technology, and industrial applications, where reliable power solutions are critical.
YTD Price Performance: -29.71%
Average Trading Volume: 45,361
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £255M
Learn more about XPP stock on TipRanks’ Stock Analysis page.