Brooks Automation Announces Sale of Brooks Software Division to Applied Materials
Share:
CHELMSFORD, Mass., Nov. 6 -- Brooks Automation, Inc. ("Brooks") (Nasdaq: BRKS) today announced the signing of a definitive agreement under which Brooks will divest and sell its software division, Brooks Software, to Applied Materials, Inc. (Nasdaq: AMAT). Brooks Software is a leading provider of real-time applications for greater efficiency and productivity in collaborative, complex manufacturing environments.
Under the terms of the definitive agreement, which was approved by the board of directors of both companies, Applied Materials will pay Brooks Automation $125 million in cash for the Brooks Software Division.
Edward C. Grady, president and chief executive officer of Brooks Automation said, "Over the years, the software division has been a valuable contributor to the success of Brooks. Today it is well established in the industry with best-in-class products and solutions. The transition of ownership will enable the combined company to better serve its customers by combining the complementary strengths of the two companies to offer an integrated solution to its customers to reduce the cost of their manufacturing operations. For Brooks Automation this transaction will further strengthen our balance sheet and allow us to focus more on our core semiconductor-related hardware businesses."
Completion of the transaction is subject to applicable regulatory approvals and other customary closing conditions.
Credit Suisse acted as financial advisor and Ropes & Gray LLP acted as legal advisor to Brooks.
Conference Call and Webcast
Brooks will host a conference call on November 6, 2006, at 10:00 a.m. Eastern (7:00 a.m. Pacific), at which the Company will discuss the transaction and answer questions from analysts, investors and other interested parties.
Conference Call Date: November 6, 2006
Time: 10:00 a.m. Eastern (7:00 a.m. Pacific)
Dial in #: (913) 981-5571 or (800) 406-5345
Passcode: 5474295
A live Webcast of this conference call will be available in the investor relations section of the Brooks Web site, www.brooks.com, under the title "Brooks Announces Sale of Software Division to Applied Materials."
An archive of this Webcast will be made available following the conference call, and can be accessed for at least the next twelve months on the section for Webcasts at www.brooks.com under the title "Brooks Announces Sale of Software Division to Applied Materials."
About Brooks Automation, Inc.
Brooks Automation (Nasdaq: BRKS) is a leading worldwide provider of automation solutions and integrated subsystems to the global semiconductor and related industries. The company's advanced offerings in hardware, software and services can help customers improve manufacturing efficiencies, accelerate time-to-market and reduce cost of ownership. Brooks products and global services are used in virtually every semiconductor fab in the world as well as in a number of diverse industries outside of semiconductor manufacturing. For more information, visit www.brooks.com
About Brooks Software
Brooks Software is a leading provider of real-time applications for greater efficiency and productivity in collaborative, complex manufacturing environments. Brooks' Sense Decide Respond(TM) manufacturing software solutions are the foundation for enterprise initiatives in manufacturing execution, closed loop automation, lean manufacturing and enterprise performance management. Brooks Software delivers competitive advantage to aerospace & defense, automotive, high tech, life sciences and semiconductor manufacturers worldwide. For more information, visit www.brookssoftware.com
About Applied Materials
Applied Materials, Inc. is the global leader in Nanomanufacturing Technology(TM) solutions for the electronics industry with a broad portfolio of innovative equipment, service and software products. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com
SOURCE Brooks Automation, Inc.
CONTACT:
Mark B. Chung,
Brooks Automation, Inc.,
+1-978-262-2459,
mark.chung@brooks.com
Web site:
http://www.appliedmaterials.com
http://www.brookssoftware.com
http://www.brooks.com /
