Brooks Automation to acquire DMS

Brooks Automation has entered into a definitive agreement to acquire Dynamic Micro Systems Semiconductor Equipment GmbH ("DMS"). DMS, based in Radolfzell, Germany, provides automated cleaner and stocker products for wafer and reticle carrier devices used in the global semiconductor front-end markets. The cash purchase price is approximately $31 million, subject to an adjustment for working capital at closing. The acquisition is expected to close within the next two weeks upon satisfaction of customary closing conditions. Steve Schwartz, CEO of Brooks, stated, "This acquisition meaningfully expands our capabilities in front-end semiconductor automation as the DMS products are complementary to Brooks' product offerings. A significant proportion of DMS revenues are generated from product sales to large IC manufacturers, further strengthening our position with this important customer base. DMS' leading automated cleaner and stocker solutions combined with Brooks' existing automation systems will allow us to deliver best of breed systems that address our customers' cleanliness and productivity requirements. This transaction furthers our strategy of gaining share in our core semiconductor markets, while we continue to expand our presence in adjacent markets and grow our life sciences business." "In addition to immediately increasing market share in the semiconductor sector, thi...