Brooks Automation, a Nasdaq-listed industrial equipment company, has agreed to acquire for $63m Crossing Automation, a corporate venturing backed provider of products to the semiconductor market.
Crossing said its shareholders included Intel Capital, the corporate venturing unit of US-listed chipmaker Intel, and venture capital firm Tallwood Venture Capital, while data provider Crunchbase said the company had raised $13m since 2003.
For the trailing 12 months ended September 30, Crossing had revenues of about $51m, which generated operating profits of approximately $3m with gross margins of 41%.