Brooks Automation (NASDAQ: [[ticker:BRKS]]), a Chelmsford, MA-based maker of automation technology for the semiconductor market, said today that it has sold its Portland, OR-based contract manufacturing unit to Canadian firm Celestica, for $80 million in cash. The company said the transaction will enable it to better focus on developing technology for controlled temperature and pressure environments. The deal is subject to customary closing conditions and is expected to complete this quarter. Brooks also announced it completed the $3.3 million acquisition of RTS Life Sciences, a U.K.-based developer of automation technology for life sciences applications.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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