ATS Completes Acquisition Of Avidity Science

Friday, November 17, 2023 -- 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.

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 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 New York Stock Exchange under the symbol ATS.

SOURCE: ATS Corporation