XP Power: Recent Investment To Drive FY16 Growth
Edison | Feb 22, 2016 09:27AM ET
XP (L:XPP) reported better than expected FY15 earnings and expects further revenue growth in FY16. The recent acquisition of EMCO expands XP’s product range and is in line with the company’s strategy to support customers’ complex power requirements. We expect the company to focus on driving cross-selling while continuing to seek out acquisitions to provide additional products and engineering expertise.
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