Crossing Automation Buying Asyst Tech Assets

Crossing Automation Inc., a Mountain View, Calif.-based wafer automation company, has agreed to acquire the the assets of Asyst Technologies' atmospheric technologies and IP. No financial terms were disclosed. Crossing Automation has raised around $6 million in additional VC funding from firms like Tallwood Venture Capital and Intel Capital. Asyst is a bankrupt company that had a $324 million take-private buyout offer in early 2008 from The gores Group and Aquest Systems.

4 August 2009•3 mins read
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