BROOKS AUTOMATION, INC. (NASDAQ:BRKS) Files An 8-K Entry into a Material Definitive Agreement


BROOKS AUTOMATION, INC. (NASDAQ:BRKS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.Entry into a Material Definitive Agreement

On July 5, 2017, Brooks Automation, Inc. (“Brooks”) entered into an Asset Purchase Agreement (the “Agreement”) with Pacific Bio-Material Management, Inc. (“PBMMI”), Novare, LLC, a wholly owned subsidiary of PBMMI (collectively, the “Sellers”), and Michael Lebbin, to which Brooks acquired substantially all of the assets relating to the Sellers’ business of regulatory-compliant storage, transport, management, and cold chain logistics of biological materials at any temperature (the “Business”).

Brooks paid a cash purchase price of $33,000,000, which amount is subject to a customary adjustment based on the working capital of the Business as of the closing date.

The foregoing description of the Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Agreement. A copy of the Agreement is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits


Asset Purchase Agreement, dated as of July 5, 2017, by and among Brooks Automation, Inc., Pacific Bio-Material Management, Inc. and Novare, LLC

EX-2.1 2 brks-20170705ex210d7baa9.htm EX-2.1 brks_20170707_EX2_1 Exhibit 2.1 ASSET PURCHASE AGREEMENT This ASSET PURCHASE AGREEMENT is made and entered into as of July 5,…
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Brooks Automation, Inc. is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services. Its product offerings include robots and integrated automation systems for handling of substrates. It is also a provider of cryogenic components to create vacuum and thermal stability within critical operating environments in the manufacturing process. It also offers equipment for automated contamination control, conditioning and metrology solutions for wafer and reticle carriers. The Brooks Life Science Systems segment offers sample life cycle management solutions that provide life science and bioscience customers with a range of sample management solutions for scientific research and support drug development.