ATS Completes Acquisition of IPCOS

CAMBRIDGE, ON , Dec. 23, 2022 /CNW/ - ATS Corporation (TSX: ATS) ("ATS" or the "Company") today announced that it has successfully completed its acquisition of IPCOS Group nv ("IPCOS"), a Belgium -based provider of process optimization and digitalization solutions with six locations across Europe , the US, and India . ATS entered into a definitive agreement and announced its intention to acquire IPCOS on November 29, 2022 .

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 6,000 people at more than 50 manufacturing facilities and over 75 offices in North America , Europe , Southeast Asia and China . The Company's common shares are traded on the Toronto Stock Exchange under the symbol ATS. Visit the Company's website at www.atsautomation.com .

SOURCE ATS Corporation

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