TORONTO – Celestica said it has agreed to acquire the semiconductor equipment contract manufacturing operations of Brooks Automation for approximately $80 million.

Brooks Automation specializes in manufacturing mechanical equipment and providing systems integration services for semiconductor equipment manufacturers. Capabilities include the production of equipment frontend modules for wafer handling and transportation, vacuum transfer modules and sub-systems for semiconductor capital equipment OEMs.

The business generated revenue of approximately $135 million for the six months ended Mar. 31, and currently employs approximately 450 people.

The purchase will be financed from either Celestica’s credit facility or from cash on hand. The closing date is anticipated to be in the second quarter. The operations' senior management team and employees will join Celestica upon completion of the agreement.

No other financial terms of the agreement were disclosed.