Brooks Automation Acquires Nexus Biosystems for $86,700,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e141af58-fb37-4884-9ccd-04e03eff0084&Preview=1
Date
7/27/2011
Company Name
Nexus Biosystems
Mailing Address
12140 Community Road Poway, CA 92064
Company Description
NEXUS Biosystems, a privately held company based in Poway, California, USA, has since 1996 been a developer and provider of enabling technologies and automation systems for pharmaceutical, biotech, agrochemical and academic research institutions worldwide.
Website
http://www.nexusbio.com
Transaction Type
M&A
Transaction Amount
$86,700,000
Transaction Round
Proceeds Purposes
M&A Terms
The net cash purchase price was $79 million. Additionally, the Company paid approximately $6.7 million for the value of the unrestricted cash held by Nexus at closing.