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EX - 99.1 3 brks - 20210920xex99d1.htm EX - 99.1 Exhibit 99.1 Brooks BROOKS AUTOMATION ANNOUNCES AGREEMENT TO SELL ITS SEMICONDUCTOR SOLUTIONS GROUP BUSINESS TO THOMAS H. LEE PARTNERS Thomas H. Lee Partners to acquire the automation business for $ 3 billion in cash Transaction proceeds will be used to accelerate growth of life sciences business CHELMSFORD , Mass . , September 20 , 2021 ( PRNEWSWIRE ) -- Brooks Automation , Inc. ( Nasdaq : BRKS ) today announced that it has entered into a definitive agreement to sell its Semiconductor Solutions Group business ( or " automation business " ) to Thomas H. Lee Partners , L.P. ( “ THL ” ) for $ 3.0 billion in cash . The automation business reported approximately $ 613 million in revenue in the last twelve months ended June 30 , 2021. The purchase price is subject to adjustments for working capital and other items . Brooks anticipates closing of the transaction in the first half of calendar year 2022 upon satisfaction of customary closing conditions and regulatory approvals . Brooks ' automation business is a leading provider of high precision , high throughput vacuum robots and systems as well as contamination control solutions to the global semiconductor capital equipment industry . Recently , the business expanded into collaborative robotics for multi - market applications . " We are proud of the highly innovative automation business that we have built , which has seen great success in the semiconductor industry . We look forward to its continued growth under THL's ownership " stated Steve Schwartz , President and CEO of Brooks . “ We are equally proud of the strength and growth of our life sciences business and excited by the significant proceeds from this transaction which will afford strategic investments in a market where we see tremendous opportunity . " " Over the past 40 years , Brooks has built an impressive portfolio of automated solutions to address some of the most difficult engineering challenges facing the semiconductor capital equipment industry , " stated Michael Kaczmarek , Managing Director , THL . " We are excited to support the business in its next leg of growth in semiconductor and beyond . " Jim Carlisle , Managing Director and Head of THL's Automation Fund , said : “ THL remains focused on investing behind automation leaders , as underscored by the establishment of our Automation Fund in 2020 , and working with management to accelerate growth . We welcome the Brooks semiconductor and multi - market collaborative automation team into our family of dynamic and innovative automation solution providers , and we look forward to partnering with the talented team from Brooks Automation to unlock new growth opportunities . " As a result of the pending sale to THL , Brooks will no longer pursue a separation into two independent and publicly traded companies as announced in May 2021. Following completion of the sale , expected in first half of 2022 , the semiconductor automation business will transition to the ownership of THL along with the Brooks Automation name and brand . The remaining life sciences business will then operate as a