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Applied Materials Acquires Brooks Software

Monday, November 06, 2006 6:15:00 AM PDT | VentureDeal Staff

CHELMSFORD, MA --

Brooks Automation announced an agreement to sell its Brooks Software division to Applied Materials for $125 million in cash.

The software unit is a provider of real-time solutions  to enhance productivity in collaborative and complex manufacturing environments.

The transaction will allow Brooks Automation to improve its balance sheet and shed a non-core holding in order to focus more on its core semiconductor-related hardware businesses.

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