June 23, 1999
Brooks Automation To Acquire Domain Manufacturing
CHELMSFORD, Mass. -- Brooks Automation Inc. (BRKS) signed a purchase and sale agreement to acquire Domain Manufacturing Corp. for an undisclosed sum.
Domain Manufacturing develops data analysis and advanced process control.
In a press release Wednesday, Brooks Automation said the transaction will be primarily in cash.
The acquisition, which will be accounted for as a purchase, will initially decrease Brooks Automation's earnings, but will increase income in 2000.
A First Call survey of four analysts put Brooks Automation's 1999 earnings at 2 cents a share and 2000 earnings at 82 cents a share.
Brooks Automation said Domain Manufacturing's 1999 revenues are estimated to be about $10 million.
The acquisition is subject to certain conditions, including bank consents.
Shares of Brooks Automation closed at 27 1/8, down 1/8 or 0.5%, on composite volume of 50,800 shares. Average volume is 160,952 shares.
Brooks Automation, with 1998 revenue of $99.9 million, makes automation systems for semiconductor, data-storage and flat-panel-display makers.
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