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Advanced Energy Industries, Inc.
The Financial Relations Board
Advanced Energy Industries, Inc. Completes Acquisition of Noah Holdings, Inc. for $42 Million
FORT COLLINS, CO (April 6, 2000)
- Advanced Energy Industries, Inc. (Nasdaq NM: AEIS) today announced that is has acquired privately-held Noah Holdings, Inc. Based in San Jose, California, Noah Holdings designs, manufactures, and markets solid state temperature control systems used to control process temperatures during semiconductor manufacturing. Expected to be immediately accretive to earnings, the $42 million acquisition will be consummated through an exchange of stock and accounted for as a pooling of interests.