Brooks Automation Inc. of Chelmsford said today it will acquire Fremont, Calif.-based Crossing Automation Inc. for $63 million in cash.
Crossing provides automation products primarily to global semiconductor front-end markets.
Brooks said it expects to complete the acquisition by the end of this month upon satisfaction of customary closing conditions. The company added further details related to the acquisition and integration goals will be provided during a regularly scheduled earnings call on Nov. 8.
"Crossing's leading linear atmospheric solutions combined with Brooks' existing systems will allow us to develop best of breed systems that address our customers' cost and productivity requirements," said Brooks president and CEO Steve Schwartz. "This transaction furthers our strategy of gaining share in semi-conductor markets as we at the same time expand our presence in adjacent markets and life science systems markets."
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