# Brooks Automation to acquire Precise Automation for $70M

Brooks Automation Inc. has agreed to acquire Precise Automation Inc., a provider of collaborative robots and automation subsystems, for approximately $70 million. The transaction is expected to close by the end of April 2021.

- Type: Acquisition
- Announced: 2021-04-26
- Where: Fremont, California, United States
- Value: $70.0M
- Status: announced
- Products: collaborative robots, automation subsystems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Brooks Automation](https://endata.com/companies/3773.md) (acquirer)
- [Precise Automation](https://endata.com/companies/54705.md) (target)

## Sources

- [robotics247.com](https://www.robotics247.com/article/brooks_automation_to_acquire_cobot_maker_precise_automation_for_70m/collaborative_robots), 2021-04-26: "Precise provides Brooks with a product offering and technology portfolio that is well positioned to take advantage of the exciting growth opportunities in the collaborative robot market."
- [data-platform.cioapplications.com](https://data-platform.cioapplications.com/news/brooks-announces-agreement-to-acquire-precise-automation-nid-7652.html), 2021-05-03: "Precise provides Brooks with a product offering and technology portfolio that is well-positioned to take advantage of the exciting growth opportunities in the collaborative robot market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.