Brooks Closes $87 Mln Sale Of Granville-Phillips To MKS Instruments

(RTTNews) - Brooks Automation Inc (BRKS), a provider of automation and cryogenic solutions, said Friday it has closed the $87 million sale of its Granville-Phillips instrumentation business to MKS Instruments Inc (MKSI).

Granville-Phillips was founded in 1954, acquired by Helix Technology in 1998 and became part of Brooks through its merger with Helix in 2005. Granville-Phillips generated about $28 million in revenue in fiscal year 2013.

For MKS, the deal strengthens its position in the vacuum gauge market. The company said the acquisition is not expected to have a material impact on second quarter revenue or non-GAAP earnings. It expects the deal to be accretive to non-GAAP earnings in fiscal 2014.