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Technology Stocks : Azenta

AZTA 29.35

-0.7%

Nov 7 9:30 AM EST

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To: robert b furman who wrote (661)	10/29/2001 8:31:02 AM
From: Proud_Infidel	of 1138

How $150 million in automation is now used inside new wafer fabs New wafer-processing plants today invest about $150 million in automation hardware and software systems, according to executives at Brooks Automation Inc. and PRI Automation Inc., which this past week announced the biggest merger yet in the fab automation segment. The need for supplier consolidation and the severe downturn in the chip industry drove these two Massachusetts companies together to workout an agreement, which will make PRI part of Brooks in a stock transaction that's worth $380 million. Once cleared by governmental agencies and finalized early next year, the new company will be called Brooks-PRI Automation Inc, headquartered in Chelmsford. Mass. (see Oct. 24 story). The new business opportunity for the merged automation company will roughly be equal $150 million per fab, according to Mitchell G. Tyson, president and CEO of PRI. After announcing the merger agreement, Tyson and Brooks chief executive officer Robert J. Therrien told analysts that their companies completed only in limited segments and the product lines fit well together. PRI hardware is running with Brooks software already in a number of fab locations, said Tyson, who will become a member of the board of directors at Brooks-PRI Automation but will give up his chief executive and president titles. Here's where Tyson said chip makers are now spending $150 million on automation in new fabs: $50 million on vacuum systems; $30 million on atmospheric tools; $15 million on load ports; $5 million on sorters; $20 million on software; and $30 million for wafer storage and transport systems.--J.R.L.

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