Under the agreement, ATS subsidiaries will acquire operations in Dayton Ohio, Saginaw Michigan, Livonia Michigan and Neuwied Germany. The operations have capabilities in a number of specialized automation and test system applications and will complement and add to existing ATS Automation Systems Group (ASG) capabilities. Together, the operations derive approximately two-thirds of their revenues from the automotive market, with the balance generated primarily in Life Sciences and Energy.

"The acquisition of the ATW businesses will add to our competency base and provide new relationships with a number of attractive automotive customers," said Anthony Caputo, ATS Chief Executive Officer. "As with the formation of our Life Sciences group earlier this year, this acquisition provides the critical mass to launch a group focused on transportation. We expect to launch additional groups as we grow and achieve scale in other customer markets."

The operations to be acquired have a combined workforce of approximately 300, including 60 in Germany. In calendar 2009, the operations had combined revenues of approximately US $65 million.

The final purchase price is expected to be approximately US $18.5 million (approximately CDN $18.6 million at current exchange rates).  

www.atsautomation.com