7) Acquisitions Granville-Phillips On May 30, 2014, the Company acquired Granville-Phillips ( GP ), a division of Brooks Automation, Inc. ( Brooks ), for $87,000, which includes $86,950 in cash and $50 in contingent consideration. MKS will pay contingent consideration if it does not cease use of certain of Brooks  administrative services by a pre-defined date in accordance with a transition services agreement. Granville-Phillips is a leading global provider of vacuum measurement and control instruments to the semiconductor, thin film and general industrial markets with sales of approximately $30,000 in 2013. The Company believes that the amount of goodwill relative to identifiable intangible assets relates to several factors, including: a well-regarded leader in indirect vacuum gauges, a premium brand, an excellent reputation for quality, reliability and performance and an assembled workforce. The acquisition aligns with the Company s current strategy to grow its semiconductor business, while diversifying into other high growth advanced markets. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition: Inventory $ 6,223 Property and equipment 299 Other assets 191 Intangible assets 38,850 Goodwill 41,612 Warranty liability (175 ) Total purchase price $ 87,000 The entire purchase price is expected to be deductible for tax purposes. The following table reflects the allocation of the acquired intangible assets and related estimates of useful lives. These acquired intangibles will be amortized on a straight-line basis. Customer relationships $ 21,250 7 years Trademark and trade names 1,900 12 years Current developed technology 15,700 9-12 years $ 38,850 The results of this acquisition were included in the Company s consolidated operations beginning on May 30, 2014. The pro forma consolidated statements reflecting the operating results of GP, had it been acquired January 1, 2013, would not differ materially from the operating results of the Compan