Hatfield, Pennsylvania (June 15, 2009) — Brooks Instrument, a world-leading provider of flow measurement and control devices and level gauges, today announced that it has acquired certain assets of Celerity’s Instrumentation division, a technology leader in precision instruments and advanced gas and liquid delivery solutions for the global semiconductor, solar, and electronics industries. Financial terms of the transaction were not disclosed.
Celerity designs and manufactures precision instruments and advanced gas and liquid delivery solutions, including thermal mass flow devices, for the Semiconductor industry where it has established a global share leadership position. The combined product technology, applications expertise, and operating capabilities of Brooks Instrument and Celerity will well position customers of both companies with market leading offerings in each of its principal product markets.
“This is an extremely exciting time for Brooks,” stated Jim Dale, Chief Executive Officer of Brooks Instrument. “With this acquisition, we strengthen our share in the thermal mass flow instrumentation market and establish an entry point with attractive product technology in vacuum and pressure measurement markets. Celerity’s strong semiconductor market position together with Brooks’ strong industrial market position will create the number one thermal mass flow supplier in the world.”
The acquisition includes Celerity’s next generation GF Series thermal mass flow controller, designed to precisely measure, monitor, and control ultra high purity process gas chemistry in semiconductor device and solar cell manufacturing processes; as well as other specialty products serving vacuum and pressure measurement markets.
Assets acquired by Brooks Instrument include Celerity’s Allen, TX operations and its Irvine, CA, technology center as well as other sales and service locations throughout the world.
About Brooks Instrument
Brooks Instrument is a world-leading flow measurement and control instrument provider, with headquarters in Hatfield, PA USA, and manufacturing locations, regional sales and service offices in the Americas, Europe and Asia. Brooks products include glass and metal tube variable area meters (rotameters), thermal mass flow meters and controllers, Coriolis mass flow meters, controllers and transmitters, pressure control products, and a variety of flow accessories. Since its founding in 1946, Brooks products have supported the growth of dozens of industries from biopharmaceuticals, oil and gas, fuel cell research and chemicals, to medical devices, analytical instrumentation, semiconductor manufacturing, and more. Throughout the world, Brooks customers rely on a highly trained network of local representative specialists to help solve unique or unusual flow applications.
CONTACT:
Jim Hollis, Brooks Instrument
215-362-3527
[email protected]
About American Industrial Partners
American Industrial Partners was founded in 1989 and is a private equity firm that makes control equity investments in mid-sized industrial companies that can benefit from the firm’s systematic approach to implementing strategic and operational improvements. American Industrial Partners is currently investing its fourth fund which recently closed with $405.5 million of committed capital.
CONTACT:
Paul Bamatter, American Industrial Partners
212-627-2360 x212
[email protected]
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