EMCO shareholders will receive in the merger $7.09 for each share of EMCO they hold. The transaction will be accounted for using purchase accounting.
EMCO is a publicly held company in Longmont, Colorado that manufactures electronic and electro-mechanical precision instruments for measuring and controlling the flow of liquids, steam and gases.
Our acquisition of EMCO is an important part of our strategy to integrate additional process components around the semiconductor manufacturing tool, said Doug Schatz, Chairman and Chief Executive Officer of Advanced Energy. We look forward to leveraging EMCO’s technology with our sales and marketing infrastructure and established customer relationships in order to support new opportunities for EMCO within the semiconductor industry.
