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.
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.”
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