July 12, 2005 – Brooks Automation Inc., Chelmsford, MA, plans to acquire Helix Technology Corp., Mansfield, MA, for $454 million in stock, creating a company with combined trailing revenues of $720 million with strong complementary offerings in vacuum modules and systems businesses.
The combined company, to be known as Brooks Automation and owned 61% by Brooks, will be led by Brooks president and CEO Edward Grady. Helix president and CEO James Gentilcore will join a new Office of the President as president/COO of a new semiconductor products group, while Joseph Bellini, EVP and GM of Brooks’ software division, would be president and COO of an enterprise software group. The transaction is expected to close in 4Q05.
Completion of the transaction is subject to customary closing conditions, and is expected to occur in the fourth calendar quarter of 2005.