CAMBRIDGE, ON, Oct. 3, 2022
/CNW/ - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or
the "Company") today announced that it has entered into a
definitive agreement to acquire ZI-ARGUS ("ZIA"), a subsidiary of
Zuellig Group. ZIA is a leading independent automation Systems
Integrator in the ASEAN region and Australia, with a strong focus on process
control, factory floor automation, data center and Industry 4.0
digitization solutions. The financial terms of the transaction were
not disclosed.
ZIA will join ATS' Process Automation Solutions ("PA") business,
a leading provider of complete automation solutions for the process
and manufacturing industries. ZIA will significantly strengthen
PA's position in attractive high-growth automation and
digitalization markets in the region with proven expertise for
customers in Pharma, Food & Beverage, Consumer Goods,
Petrochemical, Biochemical, and Data Centers, while also
accelerating PA's digitalization journey. The transaction is
subject to the completion of certain closing conditions.
"ZIA provides us with a proven platform to serve domestic and
global customers in industries that are strategic to us and in
geographic regions that are highly complementary to our existing
footprint," said Dr. Christian
Debus, President of PA. "Additionally, ZIA's extensive
technical capabilities will enhance PA's digitalization business,
which is experiencing significant demand as customers seek to take
full advantage of IIoT and smart factory advancements. We welcome
ZIA's experienced team to PA."
About ZI-Argus
ZIA was founded almost 3 decades ago and headquartered in
Bangkok, Thailand. ZIA, a leading
independent system integrator in the ASEAN and Australia region, provides total solutions in
process control, automation, engineering, process consultancy and
plant optimization from 9 locations across Asia-Pacific. Visit the company's website at
https://www.zi-argus.com/ for more details.
About Process Automation Solutions
Process Automation Solutions GmbH is one of the leading,
manufacturer-independent suppliers of complete automation solutions
for the process, manufacturing, and automotive industries. As a
strong partner, PA's 1,400 automation experts in Europe, America and Asia support their customers during all phases
of automation from planning to implementation and commissioning –
and if desired, throughout the entire lifecycle of the plant
through aftersales service. Visit PA's website at
www.pa-ats.com.
About ATS Automation
ATS 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, food & beverage, transportation, consumer
products and energy. Founded in 1978, ATS employs over 6,000 people
at more than 50 manufacturing facilities and over 75 offices in
North America, Europe, Southeast
Asia and China. The Company's shares are traded on the
Toronto Stock Exchange under the symbol ATA. Visit the Company's
website at www.atsautomation.com.
Forward-Looking Statements
This news release contains certain statements that may
constitute forward-looking information within the meaning of
applicable securities laws ("forward-looking
statements"). Forward-looking statements include all
statements that are not historical facts regarding possible events,
conditions or results of operations that ATS believes, expects or
anticipates will or may occur in the future, including, but not
limited to: completion of the acquisition; expectations related to
the positioning and strengthening of PA in the automation and
digitalization markets; and expectations related to the
digitalization of PA and its business. Such forward-looking
statements are inherently subject to significant known and unknown
risks, uncertainties and other factors that may cause the actual
results, performance or achievements of ATS, or developments in
ATS' business or in its industry, to differ materially from the
anticipated results, performance, achievements or developments
expressed or implied by such forward-looking statements. Important
risks, uncertainties and factors that could cause actual results to
differ materially from expectations expressed in the
forward-looking statements include, but are not limited to,
the duration of the COVID-19 pandemic and its impact on the
Company, its employees, customers, suppliers and the
global economy; impact of regional or global conflicts; general
market performance including capital market conditions and
availability and cost of credit; performance of the markets that
ATS serves; industry challenges in securing the supply of labour,
materials, and, in certain jurisdictions, energy sources such as
natural gas, impact of inflation; foreign currency and exchange
risk; the relative strength of the Canadian dollar; impact of
factors such as increased pricing pressure, increased cost of
energy and supplies, and delays in relation thereto, and possible
margin compression; the regulatory and tax environment; that
closing is delayed or prohibited as a result of the inability to
complete closing conditions; the expectations related to
positioning and strengthening of PA in the automation and
digitalization markets, or in relation to the digitalization of PA
and its business, are not realized as expected, or within the
expected timeframe or at all; performance of the market sectors
that PA and ZIA serve, and other risks and uncertainties detailed
from time to time in ATS' filings with securities regulators,
including, without limitation, the risk factors described in ATS'
annual information form for the fiscal year ended March 31, 2022, which are available on the System
for Electronic Document Analysis and Retrieval ("SEDAR") and can be
accessed at www.sedar.com. ATS has attempted to identify important
factors that could cause actual results to materially differ from
current expectations, however, there may be other factors that
cause actual results to differ materially from such
expectations.
Forward-looking statements are necessarily based on a number of
estimates, factors and assumptions regarding, among others,
management's current plans, estimates, projections, beliefs and
opinions, the future performance and results of the Company's
business and operations; and general economic conditions and global
events, including the COVID-19 pandemic.
Forward-looking statements included in this news release are
only provided to understand management's current expectations
relating to future periods and, as such, are not appropriate for
any other purpose. Although ATS believes that the expectations
reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties, and ATS cautions you
not to place undue reliance upon any such forward-looking
statements, which speak only as of the date they are made. ATS does
not undertake any obligation to update forward-looking statements
contained herein other than as required by law.
SOURCE ATS Automation Tooling Systems Inc.
