Zygo Dumps Reticle Unit

Has sold its Automation Systems Group to Brooks Automation for $11 million cash

December 14, 2001

1 Min Read

MIDDLEFIELD, Conn. -- Zygo Corporation (NASDAQ:ZIGO) announced today that it has sold its Automation Systems Group in Longmont, Colorado, to Brooks Automation, Inc. (NASDAQ:BRKS) of Chelmsford, Massachusetts. The Automation Systems Group is a leading manufacturer of reticle automation systems including reticle sorters, reticle macro inspection systems, and reticle handling solutions for the semiconductor industry. Substantially all of the assets were sold to Brooks for $11 million cash and Brooks has assumed substantially all of the liabilities of the business. The final price is subject to adjustments, if any, based on the closing balance sheet. Bruce Robinson, Zygo's chairman, president, and chief executive officer, commented, "While the Automation Systems Group has had an excellent record of success as a part of the Zygo organization, the divestiture of the Group will enable Zygo to focus on our core areas of precision optics, optical and fiber optic assemblies, and high performance metrology systems. The Automation Systems Group's reticle handling products fit nicely into Brooks Automation's growing portfolio of semiconductor automation solutions. Zygo will retain our core automation business activities as related to metrology-integrated solutions and photonic and electronic module assembly in Delray Beach, Florida."Zygo Corp.

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