Brooks Automation Completes Sale of Its Software Division to Applied Materials
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CHELMSFORD, Mass., March 30: Brooks Automation ("Brooks") today announced that Brooks completed the sale of its software division, Brooks Software, to Applied Materials, Inc ("Applied"), for $125 million in cash consideration, subject to post-closing adjustments, and the assumption of certain liabilities related to Brooks Software. The sale was consummated on March 30, 2007 pursuant to the terms of an Asset Purchase Agreement dated as of November 3, 2006 by and between Brooks and Applied.
About Brooks Automation, Inc.
Brooks is a leading worldwide provider of automation solutions and integrated subsystems to the global semiconductor and related industries. The company's advanced products 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 http://www.brooks.com/.
Cautionary Statement Concerning Forward-Looking Statements. Statements in this press release regarding the transaction constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those set forth in the forward- looking statements. The information set forth herein speaks only as of the date hereof, and Brooks disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
Source: Brooks Automation
Contact:
Mark Chung
Brooks Automation, Inc.
Telephone: (978) 262-2459
mark.chung@brooks.com
