Brooks Automation Plans Initial Public Offering Amid Discussions with Advisors
Brooks Automation, backed by Thomas H. Lee Partners, is exploring an IPO, following a $3 billion acquisition in 2022. The company's robotics solutions serve semiconductor manufacturing and life sciences, employing over 2,000 staff worldwide.
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Brooks Automation is in discussions with potential advisors for an initial public offering (IPO). Previously separated from Brooks Automation and acquired for $3 billion in cash in a deal announced in 2021, the firm has since focused on robotics and automation in various industries, including semiconductor manufacturing and life sciences.
Brooks Automation's life sciences division was renamed Azenta Inc., which continues to trade on NASDAQ:AZTA. The ongoing discussions may result in changes to the IPO details, reflecting evolving market conditions.
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