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Pro Rata

Axios Pro Rata

Thomas H. Lee Partners agreed to buy the semiconductor manufacturing automation business of Brooks Automation (Nasdaq: BRKS) for $3 billion.

Why it matters: This is a structural shift for Chelmsford, Mass.-based Brooks, which previously said it would split its chip manufacturing unit from its life sciences unit, with each to operate as independent public companies.

The bottom line: "Its life sciences segment caters to clients in the pharmaceutical, biotech and healthcare industries globally, while the automation business provides robotics and other automated solutions to chipmakers and equipment manufacturers." — Reuters

Brooks Automation agrees to sell chip manufacturing business for $3B

This is a shift for Brooks, which had said it would split its chip manufacturing unit from its life sciences unit.

Illustration of an infinite, recursive tunnel of semiconductor chips.

Mergers and acquisitions

Thomas H. Lee Partners agreed to buy the semiconductor manufacturing automation business of Brooks Automation (Nasdaq: BRKS) for $3 billion.Why it matters: This is a structural shift for Chelmsford, Mass.-based Brooks, which previously said it would split its chip manufacturing unit from its life sciences unit, with each to operate as independent public companies.

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Brooks Automation agrees to sell chip manufacturing business for $3B

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