Advanced Energy Acquires Aera Japan

November 19, 2001 by Jeff Shepard

Advanced Energy Industries Inc. (AE, Fort Collins, CO) announced that it has acquired Aera Japan Ltd. (Hachioji, Japan) for about $48.0 million in cash. Aera supplies mass flow controllers to the semiconductor capital equipment industry.

"Aera is a leader in the mass flow control market with a large installed base of mass flow control products and gas delivery

subsystems at key OEMs and end users within the semiconductor industry," said Doug Schatz, AE’s chairman and CEO. "Aera’s established customer base and infrastructure will advance our strategy to add critical subsystems around the semiconductor process chamber by providing a leading and diverse product line."