Acquisition of Granville-Phillips in Longmont final
Last Updated: 16:15 June 2, 2014
Brooks Automation Inc. (Nasdaq: BRKS) on Friday announced that its sale of Granville-Phillips to MKS Instruments Inc. for $87 million cash has closed.
Brooks produces producing automation, vacuum and instrumentation products for semiconductor manufacturing, life sciences and clean energy.
Granville-Phillips produces instrumentation used by companies in the clean-energy sector. It was acquired by Helix Technology in 1998 and became part of Brooks through its merger with Helix in 2005. The company generated approximately $28 million in revenue in fiscal year 2013.
Brooks announced the sale of Granville-Phillips to MKS on March 18.
Granville-Phillips has about 65 employees in Longmont before the acquisition. Calls to MKS Instruments seeking comment on any changes that may come about because of the acquisition were not returned Friday morning.
Needham & Co. served as financial adviser to Brooks on the transaction.
Brooks Automation is headquartered in Chelmsford, Mass., while MKS is headquartered in Andover, Mass.
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