Brooks Announces Acquisition of Precise Automation

Brooks Automation | April 27, 2021

Brooks Announces Acquisition of Precise Automation
Brooks Automation, Inc.today reported that it has entered an authoritative consent to obtain Precise Automation, Inc., the main designer of cooperative robots and computerization subsystems settled in Fremont, CA. The all-out cash price tag for the acquisition will be around $70 million, subject to working capital and different changes. The exchange is required to nearby the finish of an endless supply of standard shutting conditions.

Exact Automation's restrictive innovation empowers human-robot work processes in a protected and simple to-utilize way, robotizing measures that couldn't be tended to before. The organization's community robots, which incorporate SCARA, 6-pivot, and Cartesian setups, are conveyed completely amassed and intended for simple framework reconciliation by end clients and OEM clients. Exact Automation's items are utilized in an assortment of end markets including research facility robotization and semiconductor and hardware fabricating. Research center computerization applications incorporate medication revelation, scientific lab, clinical diagnostics, and genomics.

Steve Schwartz, President, and CEO of Brooks remarked, "Exact furnishes Brooks with an item offering and innovation portfolio that is very much situated to make the most of the energizing development openings in the cooperative robot market. Their set of experiences of development in vision innovation, accuracy movement, incorporated regulators and direct drive engines, and history of settling client challenges in a research facility and semiconductor computerization makes Precise an incredible fit with Brooks."

Fellow benefactors Brian Carlisle and Dr. Bruce Shimano, two industry visionaries with more than 35 years every of advanced mechanics experience, will join Brooks and keep on driving Precise Automation answering Dave Jarzynka, President of the Brooks Semiconductor Solutions Group. Exact Automation created $17 million in income throughout the most recent year. The Company anticipates that the acquisition should be quickly accretive to profit.

About Brooks Automation

Brooks are the main supplier of life science test-based arrangements and semiconductor fabricating arrangements around the world. With more than 40 years as an accomplice to the semiconductor producing industry, Brooks is a supplier of industry-driving exactness vacuum mechanical technology, incorporated computerization frameworks, and defilement control answers for the world's driving semiconductor chip creators and hardware makers. The Company's Life Sciences business gives a full set-up of solid cold-chain test the board arrangements and genomic administrations across territories, for example, drug improvement, clinical exploration, and progressed cell treatments for the business' top drug, biotech, scholarly, and medical services organizations worldwide. Streams Life Sciences' GENEWIZ division is the main supplier of quality sequencing and quality union administrations. Streams are settled in Chelmsford, MA, with tasks in North America, Europe, and Asia.

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