What is the geographic split of XP Power's business?
XP Power operates from 29 locations in Europe, North America and Asia. Revenues are approximately split North America 58%, Europe 32% and Asia 10%. However, it is worth noting that this reflects the location of our customers rather than their final end-user markets. Our view is that because we are selling into a wide variety of industrial applications, a significant proportion of our products end up in emerging markets.