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Zygo Sells Automation Systems Group

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MIDDLEFIELD, Conn., Dec. 17 -- Zygo Corp. has sold its Automation Systems Group in Longmont, Colo., to Brooks Automation Inc. of Chelmsford, Mass. The Automation Systems Group is a manufacturer of reticle automation systems including reticle sorters, reticle macro inspection systems, and reticle-handling solutions for the semiconductor industry.

Substantially all of the assets were sold to Brooks for $11 million cash, and Brooks has assumed substantially all of the liabilities of the business. The final price is subject to adjustments, if any, based on the closing balance sheet.
Dec 2001
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