Brooks Automation agrees to acquire Precise Automation
Brooks Automation agreed to acquire Precise Automation, a developer of collaborative robots and automation subsystems.
Why it matters
The transaction connected Brooks semiconductor automation with collaborative robots used in laboratory automation, semiconductor and electronics manufacturing.
Evidence notes
- Brooks entered a definitive agreement to acquire Precise Automation for about $70 million.
- Precise Automation made collaborative robots for laboratory, semiconductor and electronics manufacturing applications.
Company context
Precise Automation developed collaborative robots and automation subsystems, including SCARA, six-axis and Cartesian configurations. Brooks Automation agreed to acquire the Fremont company in 2021, and the PreciseFlex robot line now targets laboratories, electronics, manufacturing and logistics.