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Slide #100. Brooks Automation — Matrical Bioscience
Brooks Automation (BRKS)
Brooks Automation, Inc. (Nasdaq:BRKS) announced that it signed a definitive agreement to acquire the assets and business of Matrical, Inc. for cash consideration of approximately $10 million. Matrical is a Spokane, Washington-based, privately held company established in 2001 that provides biological sample preparation, management and storage solutions to customers in Agbio, Biotech, Life Science Tools and Pharmaceutical markets. The transaction is subject to customary closing conditions and is expected to be completed within the next two weeks.
Brooks Automation provides life science sample exploration and management solutions. Co.'s segments are: Life Sciences Products, which provides automated cold sample management systems for compound and biological sample storage, equipment for sample preparation and handling, consumables, and instruments; and Life Sciences Services, which provides sample management programs, cold chain solutions, informatics, as well as sample-based laboratory services, including sample storage, genomic sequencing, gene synthesis, laboratory processing services, laboratory analysis, biospecimen procurement services and other support services to scientific research and support drug development.
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Strong Buy (3.50 out of 4)