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04.29.2014

Brooks Automation Acquires DMS

April 29, 2014

Palo Alto, CA – GrowthPoint Technology Partners is proud to announce the acquisition of Dynamic Micro Systems Semiconductor Equipment, GmbH (DMS) by Brooks Automation, Inc. (NASDAQ:BRKS). The cash purchase price was $31 million dollars, subject to an adjustment for working capital. GrowthPoint initiated the transaction and acted as advisor to DMS.

Steve Schwartz, CEO of Brooks, stated: “This acquisition meaningfully expands our capabilities in front-end semiconductor automation as the DMS products are complementary to Brooks’ product offerings. DMS’ leading automated cleaner and stocker solutions combined with Brooks’ existing automation systems will allow us to deliver best of breed systems that address our customers’ cleanliness and productivity requirements. This transaction furthers our strategy of gaining share in our core semiconductor markets, while we continue to expand our presence in adjacent markets and grow our life sciences business.”

Leading semiconductor foundries use DMS’ front-end automation and cleaning products to directly improve yield by significantly reducing the presence of contaminants in semiconductor processes. As we continue the movement to smaller feature size, this capability becomes only more critical.

Andrew Patton, Director at GrowthPoint Technology Partners, commented: “Brooks is acquiring a business that has developed unique, core intellectual property in the area of front-end automation and cleaning. We expect this combination to further propel the strong growth that DMS has already demonstrated.
We were privileged to work with a talented and dedicated management team during this transaction and wish them the very best as they continue to grow and develop their business inside Brooks.”

The transaction, which closed on April 29, 2014, is projected to become accretive to Brooks’ earnings by the first half of fiscal 2015.

Though consolidation has reduced the pace of semiconductor capital equipment mergers & acquisitions, GrowthPoint remains active in this sector, especially in core technology transactions.

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