Friday, August 21, 2009

Crossing Automation Gets Acquisition Approval

Mountain View-based Crossing Automation reports today that it has gained court approval on an asset purchase of Asyst Technologies' atmospheric technologies and IP assets. The firm said the approval is a "critical" step along its efforts to acquire the product line. Crossing Automation had said it was acquiring the assets earlier this month, using funding from its venture backers, Tallwood Venture Capital and Intel Capital.