Brooks Automation to Purchase Crossing Automation for $63M
Brooks Automation, Inc. (Nasdaq: BRKS) announced today that it has entered into a definitive agreement to acquire Crossing Automation Inc. ("Crossing"). Crossing, based in Fremont, California, provides automation products primarily to global Semiconductor Front End markets. The cash purchase price is $63 million, subject to adjustment for actual working capital at closing. The Company expects to complete the acquisition by the end of this month upon satisfaction of customary closing conditions.
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