Press Release: Brooks Automation Announces Agreement to Sell Its Granville-Phillips Business to MKS

CHELMSFORD, Mass., March 18, 2014 (GLOBE NEWSWIRE) -- Brooks Automation, Inc. (Nasdaq:BRKS) today announced that it has entered into a definitive agreement to sell its Granville-Phillips instrumentation business, based in Longmont, CO, to MKS Instruments, Inc., headquartered in Andover, MA, for $87 million in cash. Granville-Phillips was founded in 1954, acquired by Helix Technology in 1998 and became part of Brooks through its merger with Helix in 2005. Granville-Phillips generated approximately $28 million in revenue in fiscal year 2013. 

Dr. Steve Schwartz, CEO of Brooks, stated, "For many years, Granville-Phillips has been a stable, profitable business in a niche segment of the vacuum instrumentation market, but owning this business is not consistent with our strategy to expand our leadership positions in our core Semiconductor and Life Sciences market segments. We plan to invest the proceeds from this sale into growth opportunities that are consistent with our strategic initiatives."

"MKS is a world class global supplier of instruments, subsystem and process control solutions and we are confident that MKS will be a good home for the Granville-Phillips business and its employees while ensuring the highest levels of continuing service to our mutual customers."

今回の取引においては、Needham & Company が Brooks の財務顧問を務めました。  

法的承認および慣習的な閉鎖条件を前提として、同社は 2014 年 6 月 30 日を期末とする四半期中に同取引を完了する見通しです。

Brooks Automation Inc. について

Brooks は、半導体製造、ライフ サイエンス、クリーン エネルギーなど、複数の市場に対応した自動化、低温貯蔵および真空ソリューションを提供する世界規模の大手プロバイダです。当社のテクノロジ、技術能力、およびサービス提供能力により、お客様は製品化までの時間を短縮し、稼働時間を増加して、迅速に対応することができます。これらは、ミッション クリティカルな制御環境では、特に重要視される価値です。1978 年以降、製品開発イニシアチブと戦略的買収を通じて Brooks はグローバルな半導体製造市場の大手パートナーとしての地位を築いてきました。ライフ サイエンス業界、分析およびリサーチ市場、クリーン エネルギー ソリューションにおいてお客様のニーズを満たすために範囲を拡大してきました。Brooks の本社はマサチューセッツ州チェルムスフォードにあり、北米、欧州、アジアで直販事業を展開しています。

1934 年の証券取引法 21 条 E 項に定められた「セーフ ハーバー ステートメント」

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 of the closing of the sale of our Granville-Phillips business and our ability to invest the proceeds in strategic growth opportunities. 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.