Brooks Automation Sells Manufacturing Unit
Brooks Automation (NASDAQ: BRKS), a Chelmsford, MA-based maker of automation technology for the semiconductor market, said today that it has sold its Portland, OR-based contract manufacturing unit to Canadian firm Celestica, for $80 million in cash. The company said the transaction will enable it to better focus on developing technology for controlled temperature and pressure environments. The deal is subject to customary closing conditions and is expected to complete this quarter. Brooks also announced it completed the $3.3 million acquisition of RTS Life Sciences, a U.K.-based developer of automation technology for life sciences applications.