Brooks Automation agrees to sell Semiconductor Solutions Group to THL for $3B
Brooks Automation agreed to sell its Semiconductor Solutions Group business to Thomas H. Lee Partners for $3 billion in cash.
Evidence notes
- The transaction covered Brooks' automation business serving semiconductor and automation markets.
- Brooks said the proceeds would be used to accelerate growth of its life sciences business.
- The agreement replaced Brooks' earlier plan to separate into two independent public companies.
Company context
Brooks Automation provides precision automation, vacuum robotics and material-handling systems for semiconductor manufacturing, life-science automation and advanced industrial workflows.