Brooks to acquire Precise Automation for $70m.

Brooks, a provider of automation, vacuum and instrumentation equipment for multiple markets, agreed to acquire Precise Automation, a developer of collaborative robots and automation subsytems, for $70m. "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. Their history of innovation in vision technology, precision motion, integrated controllers and direct drive motors and track record of solving customer challenges in laboratory and semiconductor automation makes Precise a great fit with Brooks," Steve Schwartz, Brooks President and CEO.