Brian Carlisle and Dr. Bruce Shimano, co-founders with more than 35 years of robotics experience each, will join Brooks as well as continue to lead Precise Automation, reporting to Dave Jarzynka, President of the Brooks Semiconductor Solutions Group.
FREMONT, CA: Brooks Automation, has declared that it has entered a definitive agreement to acquire Precise Automation, Inc., a leading developer of collaborative robots and automation subsystems headquartered in Fremont, CA. The acquisition's net cash purchase price will be about $70 million, subject to working capital and other changes. The agreement is scheduled to close by the end of April if all customary closing conditions are met.
Precise Automation's patented technology allows human-robot workflows in a secure and simple manner, automating processes that were previously impractical. Collaborative robots from the business, which are available in SCARA, 6-axis, and Cartesian configurations, are shipped fully assembled and configured for easy device integration by end-users and OEM customers. The products of Precise Automation are used in a number of end markets, including laboratory automation and semiconductor and electronics manufacturing. Application areas for laboratory automation include drug development, analytical laboratories, clinical diagnostics, and genomics.
Steve Schwartz, President and CEO of Brooks stated, "Precise provides Brooks with a product offering and technology portfolio that is well-positioned to take advantage of the exciting growth opportunities in the collaborative robot market. Their history of innovation in vision technology, precision motion, integrated controllers and direct drive motors and track record of solving customer challenges in laboratory and semiconductor automation makes Precise a great fit with Brooks."
Brian Carlisle and Dr. Bruce Shimano, co-founders with more than 35 years of robotics experience each, will join Brooks as well as continue to lead Precise Automation, reporting to Dave Jarzynka, President of the Brooks Semiconductor Solutions Group. Precise Automation made $17 million in sales in the previous year. The acquisition is expected to be instantly accretive to earnings.