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."

Needham & Company 担任 Brooks Automation 此次交易的财务顾问。  

如果达到了监管部门批准条件和惯例成交条件,公司预计在本季度末 2014 年 6 月 30 日完成此项交易。

关于 Brooks Automation, Inc.

Brooks Automation 是全球领先的自动化、低温技术和真空解决方案的提供者,面向多元市场包括半导体制造、生命科学和清洁能源。我们的技术、工程技能以及全球服务的广泛性可让客户的产品快速上市、提供更久的正常运行时间和快速响应的能力,这些优势为他们的关键任务环境增加了卓越价值。自 1978 年以来,我们一直是全球半导体制造市场的领先合作伙伴。 通过产品开发计划和战略业务收购,我们已经扩大了市场范围,以满足生命科学产业、分析和研究领域以及清洁能源市场的客户需求。Brooks Automation 总部设在马萨诸塞州切姆斯福德,直接运营北美、欧洲和亚洲业务。

根据 1934 年证券交易法第 21E 部分的“安全港声明”

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.