AcquisitionThe company announced the all-cash acquisition of Basler Electric for approximately $350M, strengthening its position in high-growth industrial markets such as grid and utility infrastructure, power generation, and data center.
Data Center MomentumData center is gaining momentum with design wins doubling YoY in 3Q and up more than 50% YTD.
Strategic ShiftThe recent strategic shift toward delivering more complete solutions for a broader customer base is driving a strong, double-digit design win pipeline and setting up a meaningful inflection in growth and profitability.