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Brooks Automation announces completion of BioStorage Technologies acquisition

Wednesday, Dec 02, 2015

Brooks Automation, Inc., a leading worldwide provider of automated and cryogenic solutions for multiple markets including semiconductor manufacturing and life sciences, announced today that it has closed its previously announced acquisition of BioStorage Technologies, Inc.

BioStorage, headquartered in Indianapolis, Indiana, is an industry leader in the storage of biological samples for multiple end markets, including pharmaceutical, biotech, clinical, healthcare, academic and government. BioStorage provides comprehensive outsource service solutions across the complete life cycle of biological samples including collection, transportation, processing, protection, retrieval and disposal, and complements this offering with a powerful sample data management system.  BioStorage’s revenue for the trailing twelve months was approximately $40 million and future revenue growth is expected based on current backlog and the pipeline for new customers.  Earnings are expected to be accretive on a non-GAAP basis within the first half of Brooks' fiscal 2016.

Evercore acted as financial advisor and Mintz, Levin, Cohn, Ferris, Glovesky and Popeo acted as legal counsel to Brooks Automation in connection with the transaction.

 

finance.yahoo.com

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