Brooks, PRI to Merge

October 24, 2001 — CHELMSFORD, MA — Brooks Automation will acquire PRI Automation under deal valued at $700 million.

The deal, which is expected to close early next year, will see PRI shareholders receive 0.52 shares of Brooks stock for each PRI share held, which equals around $380 million. The new company, Brooks-PRI Automation, will be 61 percent owned by Brooks shareholders and 39 percent owned by PRI shareholders.

Officials from both companies lauded the deal, saying the new entity will be strongly positioned to boost the productivity of semiconductor manufacturers.

“I am tremendously excited about the creation of Brooks-PRI Automation,” said Mitchell G Tyson, president and CEO of PRI who will serve on the company’s board of directors. “The semiconductor fab of the future will need to be highly flexible, efficient and intelligent. It must be fully automated to optimize the flow of material and information.”

Closing of the merger is subject to shareholder and regulatory approval, as well as customary closing conditions.

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