CELESTICA TO ACQUIRE BROOKS AUTOMATION’S SEMICONDUCTOR EQUIPMENT CONTRACT MANUFACTURING OPERATIONS

CELESTICA TO ACQUIRE BROOKS AUTOMATION’S SEMICONDUCTOR EQUIPMENT CONTRACT MANUFACTURING OPERATIONS

PR Newswire

Acquisition to strengthen Celestica’s capabilities in complex
mechanical and systems integration services

TORONTO, April 21 /PRNewswire-FirstCall/ – Celestica Inc. (NYSE: CLS) (TSX: CLS), a
global leader in the delivery of end-to-end product lifecycle
solutions, today announced that it has agreed to acquire the
semiconductor equipment contract manufacturing operations of Brooks
Automation. The operations, based in Portland, Oregon and Wuxi, China
specialize in manufacturing complex mechanical equipment and providing
systems integration services for some of the world’s largest
semiconductor equipment manufacturers.

The operations’ capabilities include the production of equipment
front-end modules for wafer handling and transportation, vacuum
transfer modules and uniquely designed sub-systems for industry-leading
semiconductor capital equipment OEMs. The business generated revenue of
approximately $ 135 million for the six months ended March 31, 2011, and
currently employs approximately 450 people.

“The acquisition of Brooks’ operations in Oregon and China will
significantly strengthen Celestica’s industrial market offering,
providing our customers with additional capability in complex
mechanical and systems integration services,” said Paul Nicoletti,
Executive Vice President, Diversified Markets and Chief Financial
Officer, Celestica. “The design, engineering, and technical depth of
these operations, coupled with their capital equipment supplier
management expertise, are an excellent addition to Celestica’s existing
global capabilities.”

The transaction supports Celestica’s strategy to grow and diversify its
revenue base in the Industrial, Aerospace and Defense, Healthcare and
Green Technology end markets.  The purchase price is expected to be
approximately $ 80 million and will be financed from either the
company’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. The Semiconductor manufacturing business will continue
to be managed by Greg Marvell as Vice President and General Manager.

Celestica’s Industrial division provides design, manufacturing, systems
integration and after-market services to OEMs in the automation and
test equipment, kiosk, banking equipment and semiconductor
manufacturing industries.

About Celestica

Celestica is dedicated to delivering end-to-end product lifecycle
solutions to drive our customers’ success. Through our simplified
global operations network and information technology platform, we are
solid partners who deliver informed, flexible solutions that enable our
customers to succeed in the markets they serve. Committed to providing
a truly differentiated customer experience, our agile and adaptive
employees share a proud history of demonstrated expertise and
creativity that provides our customers with the ability to overcome any
challenge.

For further information on Celestica, visit its website at www.celestica.com

The company’s security filings can also be accessed at www.sedar.com and www.sec.gov.

Safe Harbour and Fair Disclosure Statement

Statements contained in this press release which are not historical
facts are forward-looking statements. Such forward-looking statements
are predictive in nature, and may be based on current expectations,
forecasts or assumptions involving risks and uncertainties that could
cause actual outcomes and results to differ materially from the
forward-looking statements themselves. Such forward-looking statements
may, without limitation, be preceded by, followed by, or include words
such as “believes,” “expects,” “anticipates,” “estimates,” “intends,”
“plans,” or similar expressions, or may employ such future or
conditional verbs as “may”, “will”, “should,” or “would,” or may
otherwise be indicated as forward-looking statements by grammatical
construction, phrasing or context. Forward-looking statements contained
herein include the parties’ ability to close the transaction, the time
of closing, the purchase price and Celestica’s funding thereof,
employment matters relating to the transaction, the impact of the
acquisition and the company’s strategy in these end markets.  For those
statements, we claim the protection of the safe harbor for
forward-looking statements contained in the U.S. Private Securities
Litigation Reform Act of 1995 and in any applicable Canadian securities
legislation. Forward looking statements are not guarantees of future
performance. Risks and uncertainties relating to forward-looking
statements contained herein include the closing conditions to the
transaction not being satisfied in a timely manner or at all, the
purchase price varying from the expected amount, Celestica determining
to use alternative sources of funds and the other risks and
uncertainties, as well as other information related to the Company,
discussed in the Company’s various public filings at www.sedar.com and www.sec.gov, including our Annual Report on Form 20-F and subsequent reports on
Form 6-K filed with the Securities and Exchange Commission and our
Annual Information Form filed with the Canadian Securities Commissions.
Forward-looking statements are provided for the purpose of providing
information about management’s current expectations and plans relating
to the future. Readers are cautioned that such information may not be
appropriate for other purposes.  Except as required by applicable law,
we disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

SOURCE Celestica Inc.


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