ATS Completes Acquisition of Paxiom
25 July 2024 - 7:00AM
Business Wire
ATS Corporation (TSX: ATS) (NYSE: ATS) (“ATS” or the
“Company”), today announced the successful completion of its
acquisition of Paxiom Group (“Paxiom”), a provider of
primary, secondary, and end-of-line packaging machines in the food
and beverage, cannabis, and pharmaceutical industries. ATS entered
into a definitive agreement and announced its intention to acquire
Paxiom on May 15, 2024.
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
solutions 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, transportation, food & beverage, consumer products,
and energy. Founded in 1978, ATS employs over 7,000 people at more
than 65 manufacturing facilities and over 85 offices in North
America, Europe, Southeast Asia and Oceania. The Company's common
shares are traded on the Toronto Stock Exchange and the NYSE under
the symbol ATS. Visit the Company's website at
www.atsautomation.com.
SOURCE: ATS Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20240724808673/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 Communication ATS Corporation 730 Fountain
Street North Cambridge, ON, N3H 4R7 (519) 653-6500
mrobinson@atsautomation.com
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