July 1, 2019
Stockholm, Sweden, July 1, 2019: Atlas Copco has completed the acquisition of Brooks’ Semiconductor Cryogenics Business that was announced on August 27, 2018.
The acquisition includes cryo pump operations located in Chelmsford, USA and Monterrey, Mexico, a worldwide sales and service network, and Brooks Automation’s 50% share of Ulvac Cryogenics, Inc., (UCI). The revenues from UCI will not be consolidated into Atlas Copco’s revenues. Instead, the Group’s share of the profit after tax will be treated as profit from joint ventures. Brooks Automation, Inc. is listed on the Nasdaq Stock Exchange.
The cryogenic business, which is headquartered in Chelmsford, MA, has about 400 employees and is a market leader in advanced cryo pumps and cryo chillers for the semiconductor and related industries through its CTI-Cryogenics and Polycold product lines.
The acquired business will significantly expand Atlas Copco’s technology offering to customers in the semiconductor and general vacuum industries through the Edwards business, a brand in the Atlas Copco Group.
The acquisition complements Atlas Copco’s existing technology portfolio with a new range of high vacuum pumps that optimize the removal of water vapour and hydrogen, which is critical to many semiconductor and industrial processes.
A new division in the Vacuum Technique Business Area will be created to increase the focus on expanding Atlas Copco’s chamber solutions offering to customers in the semiconductor and flat panel display markets. The new division will be named Semiconductor Chamber Solutions and be headquartered in Chelmsford, USA.
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 37 000 employees. Revenues of BSEK 95/BEUR 9 in 2018.