Holley (to merge with Empower) acquires all assets of AEM Performance Electronics for $52M Holley, the largest and fastest growing platform for performance automotive enthusiasts, acquired substantially all of the assets of Advanced Engine Management (AEM), a leading developer and supplier of electronic control and monitoring systems for performance automotive applications. Holley acquired AEM for $52M and expects AEM to contribute 2021 pro forma sales of $26M. Recently, AEM also launched an electronic control system that supports the conversion of vehicles originally equipped with internal combustion engines to electric power. "We're especially charged-up about leveraging our combined expertise in electronics to more rapidly deploy the AEM EV line of electronic control solutions for enthusiasts of EV Conversions," AEM President Greg Neuwirth commented. Earlier, Holley announced an agreement to become a public company through a business combination with SPAC Empower (NYSE:EMPW); Holley's majority shareholder is Sentinel Capital Partners.