Business
ATS to acquire leading global automation services and solutions provider M+W Process Automation
CAMBRIDGE, ON , July 8, 2014 /CNW/ - ATS Automation Tooling Systems Inc. (TSX:ATA) ("A...
About this update from Ats Corporation
[{"type":"text","content":"\n\n\nCAMBRIDGE, ON, July 8, 2014 /CNW/ - ATS Automation Tooling Systems Inc. (TSX:ATA) (\"ATS\" or the \"Company\") today announced it has entered into a\n definitive agreement to acquire all shares of M+W Process Automation\n GmbH and ProFocus LLC, collectively M+W PA, a leading global provider\n of engineering-based automation services and solutions focused on the\n control, performance monitoring and measurement of critical production\n processes.\n\n\nHeadquartered in Germany and established 28 years ago, M+W PA addresses\n the needs of a wide spectrum of manufacturing and process-based\n industries including automotive, pharmaceutical, biotechnology,\n chemicals, oil & gas and food with services that include consulting,\n system engineering, integration, lifecycle management, process control\n and manufacturing execution systems, as well as enterprise programs,\n where M+W PA acts as the main automation contractor (\"MAC\").\n\n\nThe acquisition is aligned with ATS's stated strategy of scaling its\n position in the global automation market by adding to its services and\n life-cycle management capabilities across several core elements of the\n customer value chain. The addition of M+W PA is expected to enhance\n growth opportunities in both new markets and with existing customers.\n\n\n\"M+W PA's capabilities complement ATS's solutions in strategic customer\n markets and open new opportunities in several attractive industries,\"\n said Anthony Caputo, ATS Chief Executive Officer. \"We welcome M+W PA's\n highly skilled people, global and local customers, high value service\n offerings, scale and worldwide presence to our automation business and\n look forward to continued successful collaboration with M+W Group.\"\n\n\nM+W PA's workforce of 1,000, including approximately 750 engineers,\n serves customers from 51 locations in 16 countries around the world,\n and is led by a highly experienced management team based in Europe and\n the U.S.  As part of ATS, M+W PA is expected to continue to enhance its\n portfolio, serve existing M+W PA and ATS customers and build new\n customer relationships together with ATS.\n\n\n\"We are pleased that our automation business is becoming part of ATS,\"\n said Dr. Olaf Berlien, CEO of M+W Group. \"ATS is ideally suited to\n maximize the business area's potential for further world...