M&A Deal Summary

Azenta Acquires PRI Automation

On May 14, 2002, Azenta acquired semiconductors company PRI Automation from TA Associates for 380M USD

Acquisition Highlights
  • This is Azenta’s 1st transaction in the Semiconductors sector.
  • This is Azenta’s 4th largest (disclosed) transaction.
  • This is Azenta’s 2nd transaction in the United States.
  • This is Azenta’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2002-05-14
Target PRI Automation
Sector Semiconductors
Buyer(s) Azenta
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 380M USD

Target

PRI Automation

Chelmsford, Massachusetts, United States
PRI Automation, Inc. is a worldwide provider of automation, vacuum and instrumentation solutions to the global semiconductor and related industries.

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Buyer(S) 1

Buyer

Azenta

Chelmsford, Massachusetts, United States
Category Company
Founded 1978
Sector Life Science
Employees3,000
Revenue 514M USD (2021)
DESCRIPTION

Azenta is a provider of life sciences solutions worldwide, enabling impactful breakthroughs and therapies to market faster. Azenta provides a full suite of reliable cold-chain sample management solutions and genomic services across areas such as drug development, clinical research, and advanced cell therapies for the industry's top pharmaceutical, biotech, academic, and healthcare institutions globally. Azenta was founded in 1978 and is based in Chelmsford, Massachusetts.

DEAL STATS #
Overall 2 of 24
Sector (Semiconductors) 1 of 5
Type (Add-on Acquisition) 2 of 19
State (Massachusetts) 2 of 3
Country (United States) 2 of 15
Year (2002) 2 of 2
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-15 Intelligent Automation Systems

Cambridge, Massachusetts, United States

Intelligent Automation Systems, Inc.,designs, builds and implements high-end precision automation solutions, both custom and product based, for manufacturers of semiconductor devices, fiber optic components, life sciences and other products. The Company's innovative solutions and proprietary technologies enable its clients to automate various challenging manufacturing requirements in a number of different environments.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-11 Helix Technology

Mansfield, Massachusetts, United States

Helix Technology Corp., is a provider in the development and application of innovative solutions in the field of vacuum technology. Helix product offerings provide a broad range of components and subsystems that are key to the manufacture of semiconductors, flat panel displays and data storage devices.

Buy $454M

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 79 of 255
Sector (Semiconductors) 6 of 6
Type (Add-on Acquisition) 42 of 130
State (Massachusetts) 13 of 25
Country (United States) 76 of 206
Year (2002) 4 of 8
Size (of disclosed) 34 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Plural

New York, New York, United States

Plural offers technology consulting, application development and solution integration services, and has practices in collaboration and content management, e-commerce and CRM, enterprise application development and integration and business intelligence.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-21 Sophos

Abingdon, United Kingdom

Sophos is a provider of information technology security and data protection solutions. Sophos' cloud-native and AI-enhanced solutions secure endpoints (laptops, servers and mobile devices) and networks against evolving cybercriminal tactics and techniques, including automated and active-adversary breaches, ransomware, malware, exploits, data exfiltration, phishing, and more. Sophos was founded in 1985 and is based in Abingdon, United Kingdom.

Buy -
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