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30 May 2014

MKS completes acquisition of Granville-Phillips

MKS Instruments Inc of Andover, MA, USA (which provides instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of manufacturing processes) has completed its acquisition of the assets of Granville-Phillips (formerly a division of Brooks Automation Inc of Chelmsford, MA) for $87m.

Granville-Phillips is a provider of vacuum measurement and control instruments to the semiconductor, thin-film and general industrial markets, with sales of about $30m in 2013. Founded in 1954, it operated as an independent company until its acquisition by Helix Technology in 1998. It became part of Brooks Automation through the merger of Helix and Brooks in 2005.

MKS says that the acquisition further strengthens its position in the vacuum gauge market. MKS claims to be the market leader in direct pressure measurement, and Granville-Phillips is a leader in indirect vacuum gauges, with a reputation for quality, reliability and performance, the firm adds.

The Granville-Phillips business will be operated as the Granville-Phillips division of MKS and will be integrated into MKS’ Pressure Measurement business. The acquisition is not expected to have a material impact on second-quarter revenue or non-GAAP earnings. MKS’ management expects the acquisition to be accretive to non-GAAP earnings in fiscal 2014, and also expects future cash flow benefits due to the availability of tax amortization on most of the purchase price.

See related items:

MKS to acquire Granville-Phillips vacuum gauge division of Brooks Automation

Tags: vacuum

Visit: www.brooks.com/products/gauges-modules-controllers

Visit: www.mksinst.com

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