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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Brooks Automation Inc (NASDAQ: BRKS) has inked an agreement to acquire collaborative robots and automation subsystems developer Precise Automation for $70 million.
- Precise’s technology enables convenient human-robot workflows via process automation.
- Precise’s products are used in laboratory automation and semiconductor and electronics manufacturing end-markets.
- Precise’s history of innovation in vision technology, precision motion, integrated controllers and direct-drive motors, and track record of solving customer challenges in laboratory and semiconductor automation made it a great fit with Brooks, Brooks CEO, Steve Schwartz said.
- Precise co-founders Brian Carlisle and Dr. Bruce Shimano will join Brooks. Precise produced $17 million in revenue over the last year.
- Brooks expected the acquisition to be immediately earnings accretive. It held $323 million in cash and equivalents as of Dec. 31, 2020.
- Price action: BRKS shares traded higher by 3% at $105.82 in the premarket session on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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