Thomas H Lee Partners, a private equity firm investing in growth companies, is to acquire Brooks Automation’s (Brooks) Semiconductor Solutions Group business (or automation business) in a transaction valued at USD3 billion. The transaction is expected to close in the first half of calendar year 2022 upon satisfaction of customary closing conditions and regulatory approvals.
This agreement will fulfil Brooks’ intention to separate its business into two independent companies, a highly innovative automation technology company with significant expertise in semiconductors and meaningful white space to expand into multi-market automation, and a pure play life sciences company, which will remain public and will adopt a new name prior to closing. The automation business, which will retain the Brooks Automation name (Brooks Automation), reported approximately USD613 million in revenue in the last twelve months ended 30 June, 2021.
Source: Private Equity Wire
