ADVANCED ENERGY INDUSTRIES INC acquired LumaSense Technologies for approximately $85 million in cash (including $5.85 million escrow), a transaction completed in September 2018, structured as all cash. The deal was a Merger.
LumaSense Technologies operates in Temperature and gas measurement / sensing. LumaSense Technologies was a privately held developer and manufacturer of photonic-based temperature and gas measurement and monitoring products, with operations in Santa Clara, California; Frankfurt, Germany; and Ballerup, Denmark. Its sensing technology detects, measures and analyzes process conditions in power-intensive fields such as semiconductor manufacturing, industrial materials processing, and energy and environmental applications. Advanced Energy said the deal broadened its precision-power portfolio by combining LumaSense's Fluoroptic temperature measurement and fiber-optic thermometry with AE's electrostatic chuck and pyrometry solutions, extending its reach across semiconductor and industrial markets.
On September 1, 2018, Advanced Energy Industries, Inc. completed its previously announced acquisition of LumaSense Technology Holdings, Inc. through the merger of Eclipse Merger Sub, Inc. with and into LumaSense, with LumaSense surviving as a wholly-owned indirect subsidiary of Advanced Energy. The aggregate consideration paid in the Merger was approximately $85 million in cash.Advanced Energy, Form 8-K (Item 2.01), filed September 4, 2018
Advisory firms were not disclosed for this transaction.