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Slide #100. Brooks Automation — Matrical Bioscience
Brooks Automation (NASDAQ: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 of manufacturing automation solutions for the semiconductor industry, and life science sample-based services and solutions for the life sciences market. In the semiconductor manufacturing market, Co. provides robotics, automation systems, and contamination control solutions. In the life sciences market, Co. provides a suite of services and solutions for analyzing, managing, and storing biological and chemical compound samples. Co.'s life sciences solutions include gene sequencing and synthesis, cryogenic storage products, related consumables, sample inventory software, as well as outsourced solutions for sample storage, transport, and inventory management.
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Strong Buy (3.80 out of 4)