Business

Around the Region

Brooks Automation buys California firm

Brooks Automation Inc., a Chelmsford-based provider of automation, vacuum, and instrumentation services for such industries as semiconductor manufacturing, life sciences, and clean energy, said Monday it has agreed to buy Crossing Automation Inc., a California company that provides automation products to the semiconductor industry.

The $63 million cash deal is subject to adjustment for actual working capital at closing, Brooks said in a press release. The company added that it expects to complete the acquisition by the end of this month.

For the 12 months, Crossing reported an operating profit of about $3 million on revenues of $51 million.

Advertisement

In a statement, Brooks president and chief executive Steve Schwartz said, “Crossing has a product and customer franchise that is complementary to Brooks. . . . This transaction furthers our strategy of gaining share in semiconductor markets as we at the same time expand our presence in adjacent markets and life science systems markets.”

Chris Reidy

Chris Reidy can be reached at reidy@globe.com.