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Crossing Automation, Inc. today announced that it has completed the legal process to acquire the assets of Asyst Technologies' atmospheric technologies and IP, including the sorter, EFEM (equipment front end module), load port and RFID products. Upon completion of the acquisition, Executive Chairman Robert MacKnight has been named president and CEO, replacing co-founder Jed Keller, who will remain at the company as executive vice president.

"This acquisition underscores our investors belief in our company, products and business model," stated Keller. "Their continued support provides a platform of financial stability that will allow us to drive the company forward and deliver exceptional customer value to OEMs and end-users alike. Bringing Bob in at the helm, with his vast experience and proven track record, puts us in the strongest position to capitalize on the market opportunities that exist as a result of this acquisition."

MacKnight has more than 25 years in management positions in the semiconductor and semiconductor equipment business. Most recently, MacKnight served as president and COO of Mattson technologies running operational activities, leading manufacturing and the product groups, and overseeing the company's global business operations.

Read the full story here. http://uk.sys-con.com/node/1092077

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