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04.25.2018

GrowthPoint Acted as Exclusive Financial Advisor to Tec-Sem on its Acquisition by Brooks Automation

April 6, 2018

Menlo Park, CA – GrowthPoint is pleased to announce that their client, Tec-Sem Group AG, a provider of semiconductor fab automation equipment with a focus on reticle management, has been acquired by Brooks Automation, Inc. (NASDAQ:BRKS). The total cash purchase price of the acquisition was approximately $16 million, subject to customary working capital and other adjustments. GrowthPoint acted as the exclusive financial advisor to Tec-Sem, headquartered in Tӓgerwilen, Switzerland.

“Tec-Sem is a great fit for our contamination control solutions,” commented Dave Jarzynka, Senior Vice President and General Manager of Brooks Semiconductor Solutions Group.  “Most of Tec-Sem’s revenue is derived from large IC manufacturers, further strengthening our relationships with this important customer base.”

Tec-Sem has been selling and supporting innovative automation solutions for the semiconductor industry for more than 30 years.  Tec-Sem is a leading provider of reticle management solutions, with a bare reticle stocker system that can store up to 2,880 reticles and provide inspection and pod transfer capabilities.  The company’s reticle stockers are used by leading chip manufacturers worldwide for contaminant-free storage of reticles, which are the masks that contain the patterns that are ultimately transferred to the wafer surface.

“Tec-Sem should be an excellent fit with Brooks’ prior acquisition of DMS, also located on Lake Konstanz,” said Bob Horstmeyer, Managing Director at GrowthPoint. “Tec-Sem’s management team has built an impressive business around reticle handling and management tools. We are pleased to have helped Tec-Sem’s shareholders reach a successful outcome,” said Joe Coleman from GrowthPoint.

The acquisition, which closed on April 6, 2018 is expected to become accretive to Brooks’ non-GAAP earnings within the current fiscal year.

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