AE spends $48M for Longmont firm

FORT COLLINS — Advanced Energy Industries Inc., the booming supplier of semiconductor manufacturing equipment, will absorb Longmont’s Engineering Measurements Co. in a $48 million stock deal.

The deal is the second major acquisition in three months as AE solidifies its holdings in chip manufacturing technology. The company spent $42 million in April to acquire San Jose, Calif.,-based Noah Holdings Inc.

Engineering Measurements makes instruments that measure the flow of liquids and gases used in semiconductor manufacturing. The firm had $6.8 million in sales last year.

Under terms of the deal scheduled to close in October, Engineering Measurements shareholders will receive 900,000 shares of…