Atlas Copco completes acquisition of Brooks’ cryogenics business

Industrial productivity solutions provider Atlas Copco Group of Stockholm, Sweden has completed its acquisition of the semiconductor cryogenic business of Brooks Automation Inc of Chelmsford, MA, USA (announced on 27 August 2018). The cryogenic business has about 400 staff and provides cryo-pumps and and cryo chillers for the semiconductor and related industries through its CTI-Cryogenics and Polycold product lines.

The acquisition includes cryo pump operations located in Chelmsford as well as Monterrey, Mexico, plus a worldwide sales and service network, and Brooks Automation’s 50% share of Japan-based joint venture company Ulvac Cryogenics Inc (UCI). Revenue from UCI will not be consolidated into Atlas Copco’s revenue. Instead, the Group’s share of the profit after tax will be treated as profit from joint ventures.

Atlas Copco says that the acquired business will significantly expand its 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 (critical to many semiconductor and industrial processes).

The new division Semiconductor Chamber Solutions (headquartered in Chelmsford) in the Vacuum Technique business area will be created to increase the focus on expanding Atlas Copco’s chamber solutions range for the semiconductor and flat-panel display markets.

See related items:

Edwards acquiring Brooks Automation’s cryogenic business

Atlas Copco forms new Vacuum Technique business, incorporating Edwards

Atlas Copco Group to acquire Edwards Group

Tags: Edwards

Visit: www.edwardsvacuum.com

Visit: www.atlascopco.com