CHELMSFORD, Mass., Aug. 17, 2015 (GLOBE NEWSWIRE) -- Brooks Automation, Inc. (Nasdaq:BRKS), a leading worldwide provider of automation and cryogenic solutions for multiple markets including semiconductor manufacturing and life sciences, announced today that it has expanded its Contamination Control Solutions business with the acquisition of Contact Co., Ltd. (“Contact”). Contact, based in Kanagawa, Japan, provides automated cleaner products for wafer carrier devices used in the global semiconductor markets and generated approximately $5 million of revenue in its most recent fiscal year. Specific financial terms of the deal were not disclosed.
Mark Morelli, President of Brooks, stated, “Contact was an early provider in contamination control automation and has built an impressive installed base of products at multiple customers. This acquisition expands our offerings and complements the technology currently found in our Contamination Control Solutions business. The integration of this product line will assist us in meeting basic needs of not only large integrated circuit (IC) manufacturers but also memory and back-end packaging customers.”
Lindon Robertson, Chief Financial Officer of Brooks, commented, “This transaction furthers our long-term strategy of gaining share in our core semiconductor markets, while continuing to expand our presence in adjacent markets and grow our life sciences business. Contact brings to Brooks additional offerings, capability, and technology, all of which provide synergies with our existing automation business and an attractive ROIC in a relatively short timeframe.”
About Brooks Automation, Inc.
Brooks is a leading worldwide provider of automation and cryogenic solutions for multiple markets including semiconductor manufacturing and life sciences. Our technologies, engineering competencies and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, we have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; we have expanded our reach to meet the needs of customers in the life sciences industry, analytical & research markets and clean energy solutions. Brooks is headquartered in Chelmsford, MA, with direct operations in North America, Europe and Asia.
For more information, please visit www.brooks.com
“Safe Harbor Statement” under Section 21E of the Securities Exchange Act of 1934
Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Brooks' financial and business results to differ materially from our expectations. They are based on the facts known to management at the time they are made. These forward-looking statements include statements regarding the expected timing and benefits of the acquisition of Contact, our ability to develop further our business in new and adjacent markets, and our ability to achieve financial success in the future. Factors that could cause results to differ from our expectations include the following: volatility of the industries the Company serves, particularly the semiconductor industry; our possible inability to meet demand for our products due to difficulties in obtaining components and materials from our suppliers in required quantities and of required quality; the inability of customers to make payments to us when due; the timing and effectiveness of cost reduction and cost control measures; price competition; disputes concerning intellectual property; continuing uncertainties in global political and economic conditions, and other factors and other risks that we have described in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K, current reports on Form 8-K and our quarterly reports on Form 10-Q. As a result we can provide no assurance that our future results will not be materially different from those projected. Brooks expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based. Brooks undertakes no obligation to update the information contained in this press release.
Brooks Automation, Inc.
Source:Brooks Automation, Inc.