CHELMSFORD, Mass., Nov. 6 /PRNewswire-FirstCall/ -- Brooks Automation,
Inc. ("Brooks") (Nasdaq: BRKS) today announced the signing of a definitive
agreement under which Brooks will divest and sell its software division,
Brooks Software, to Applied Materials, Inc. (Nasdaq: AMAT). Brooks Software
is a leading provider of real-time applications for greater efficiency and
productivity in collaborative, complex manufacturing environments.
Under the terms of the definitive agreement, which was approved by the
board of directors of both companies, Applied Materials will pay Brooks
Automation $125 million in cash for the Brooks Software Division.
Edward C. Grady, president and chief executive officer of Brooks
Automation said, "Over the years, the software division has been a valuable
contributor to the success of Brooks. Today it is well established in the
industry with best-in-class products and solutions. The transition of
ownership will enable the combined company to better serve its customers by
combining the complementary strengths of the two companies to offer an
integrated solution to its customers to reduce the cost of their manufacturing
operations. For Brooks Automation this transaction will further strengthen
our balance sheet and allow us to focus more on our core semiconductor-related
Completion of the transaction is subject to applicable regulatory
approvals and other customary closing conditions.
Credit Suisse acted as financial advisor and Ropes & Gray LLP acted as
legal advisor to Brooks.
Conference Call and Webcast
Brooks will host a conference call on November 6, 2006, at 10:00 a.m.
Eastern (7:00 a.m. Pacific), at which the Company will discuss the transaction
and answer questions from analysts, investors and other interested parties.
Conference Call Date: November 6, 2006
Time: 10:00 a.m. Eastern (7:00 a.m. Pacific)
Dial in #: (913) 981-5571 or (800) 406-5345
A live Webcast of this conference call will be available in the investor
relations section of the Brooks Web site, http://www.brooks.com, under the
title "Brooks Announces Sale of Software Division to Applied Materials."
An archive of this Webcast will be made available following the conference
call, and can be accessed for at least the next twelve months on the section
for Webcasts at http://www.brooks.com under the title "Brooks Announces Sale
of Software Division to Applied Materials."
About Brooks Automation, Inc.
Brooks Automation (Nasdaq: BRKS) is a leading worldwide provider of
automation solutions and integrated subsystems to the global semiconductor and
related industries. The company's advanced offerings in hardware, software
and services can help customers improve manufacturing efficiencies, accelerate
time-to-market and reduce cost of ownership. Brooks products and global
services are used in virtually every semiconductor fab in the world as well as
in a number of diverse industries outside of semiconductor manufacturing. For
more information, visit http://www.brooks.com.
About Brooks Software
Brooks Software is a leading provider of real-time applications for
greater efficiency and productivity in collaborative, complex manufacturing
environments. Brooks' Sense Decide Respond(TM) manufacturing software
solutions are the foundation for enterprise initiatives in manufacturing
execution, closed loop automation, lean manufacturing and enterprise
performance management. Brooks Software delivers competitive advantage to
aerospace & defense, automotive, high tech, life sciences and semiconductor
manufacturers worldwide. For more information, visit
About Applied Materials
Applied Materials, Inc. is the global leader in Nanomanufacturing
Technology(TM) solutions for the electronics industry with a broad portfolio
of innovative equipment, service and software products. At Applied Materials,
we apply Nanomanufacturing Technology to improve the way people live. Learn
more at http://www.appliedmaterials.com.
Cautionary Statement Concerning Forward-Looking Statements.
Statements in this press release regarding the transaction, and the
expected benefits and financial results of the transaction, constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These include statements concerning the
benefits of the proposed transaction, Brooks Software's status as a market-
leading software provider following this transaction, the continuing ability
of Brooks Software to expand its business in new markets following this
transaction, and the future strength, profitability and capabilities of Brooks
Software. Such statements are based upon the current beliefs and expectations
of Brooks' management and are subject to significant risks and uncertainties.
Actual results may differ from those set forth in the forward-looking
statements. Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans," "anticipates,"
"expects," "estimates" and similar expressions) should also be considered to
be forward-looking statements. There are a number of important factors that
could cause actual results or events to differ materially from those indicated
by such forward-looking statements, including: the ability of Applied
Materials to successfully operate and potentially integrate Brooks software's
operations and employees; disruption from the transaction making it more
difficult to maintain relationships with customers and employees; the future
ability of Brooks Software to achieve market success in present and
anticipated market segments; and competition and its effect on pricing,
spending, third-party relationships and revenues. Additional factors that may
affect future results are contained in Brooks' filings with the SEC, including
Brooks' Annual Report on Form 10-K for the year ended September 30, 2006, as
amended, which are available at the SEC's Internet site (http://www.sec.gov).
The information set forth herein speaks only as of the date hereof, and Brooks
and Applied Materials disclaim any intention or obligation to update any
forward-looking statements as a result of developments occurring after the
date of this press release.
Mark B. Chung
Brooks Automation, Inc.
Telephone: (978) 262-2459
SOURCE Brooks Automation, Inc.
/CONTACT: Mark B. Chung of Brooks Automation, Inc., +1-978-262-2459,
/Web site: http://www.appliedmaterials.com
CO: Brooks Automation, Inc.; Applied Materials, Inc.; Brooks Software
IN: STW CPR
SU: TNM CCA
-- NYM204 --
8900 11/06/2006 07:31 EST http://www.prnewswire.com