ATS Completes Acquisition Of Avidity Science

Rhea-AI Summary

ATS Corporation (TSX and NYSE: ATS) has completed the acquisition of Avidity Science, LLC, a leading designer and manufacturer of automated water purification solutions for biomedical and life science applications. The acquisition, announced on September 22, 2023, marks a significant expansion for ATS into the life science industry, positioning the company for growth and diversification in its product offerings.

CAMBRIDGE, Ontario--(BUSINESS WIRE)-- ATS Corporation (TSX and NYSE: ATS) (“ATS” or the “Company”), today announced the successful completion of its acquisition of Avidity Science, LLC ("Avidity"), a growing designer and manufacturer of automated water purification solutions for biomedical and life science applications. ATS entered into a definitive agreement and announced its intention to acquire Avidity on September 22, 2023.

About ATS Corporation

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, transportation, consumer products, and energy. Founded in 1978, ATS employs over 6,500 people at more than 60 manufacturing facilities and over 80 offices in North America, Europe, Asia and Oceania. The Company’s common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ATS.

SOURCE: ATS Corporation

View source version on businesswire.com: https://www.businesswire.com/news/home/20231116627075/en/

For more information, contact:

David Galison

Head of Investor Relations

ATS Corporation

730 Fountain Street North

Cambridge, ON, N3H 4R7

(519) 653-6500

dgalison@atsautomation.com

For general media inquiries, contact:

Matthew Robinson

Director, Corporate Communications

ATS Corporation

730 Fountain Street North

Cambridge, ON, N3H 4R7

(519) 653-6500

mrobinson@atsautomation.com

Source: ATS Corporation

FAQ

What is the latest acquisition by ATS Corporation?

ATS Corporation has acquired Avidity Science, LLC, a designer and manufacturer of automated water purification solutions for biomedical and life science applications.

When was the acquisition of Avidity Science, LLC announced?

The acquisition of Avidity Science, LLC was announced on September 22, 2023.

What are the implications of the acquisition for ATS Corporation?

The acquisition marks a significant expansion for ATS into the life science industry, positioning the company for growth and diversification in its product offerings.