ATS Automation Tooling Systems

{{Infobox company

| name = ATS Corporation{{cite web | url=https://www.thestar.com/business/2022/11/21/ats-automation-tooling-systems-inc-changes-name-to-ats-corp.html | title=ATS Automation Tooling Systems Inc. Changes name to ATS Corp | website=Toronto Star | date=21 November 2022 }}

| logo = ATS-Corporation-Logo-2024.png

| type = Public

| traded_as = {{tsx|ATS}} {{cite web | url=https://www.thestar.com/business/2022/11/21/ats-automation-tooling-systems-inc-changes-name-to-ats-corp.html | title=ATS Automation Tooling Systems Inc. Changes name to ATS Corp | website=Toronto Star | date=21 November 2022 }}
{{NYSE|ATS}}

| genre = Engineering and Manufacturing

| foundation =

| founder = Klaus Woerner

| location_city = Cambridge, Ontario

| location_country = Canada

| location = 730 Fountain St N.

| locations =

| area_served =

| key_people = Andrew Hider (CEO since 2017)

| industry = Automated Machinery and Equipment

| products =

| services =

| revenue = 1.4B CAD{{Cite web|url=https://www.newswire.ca/news-releases/ats-reports-fourth-quarter-and-fiscal-2020-results-805337404.html|title = ATS Reports Fourth Quarter and Fiscal 2020 Results}}

| operating_income =

| net_income =

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| owner =

| num_employees = 6500 {{cite web |url=http://www.atsautomation.com/About%20Us/|title=About Us (CA;ATA) |accessdate=2020-11-16}}

| parent =

| divisions = 20 facilities and 50 offices worldwide:

| subsid =

| homepage = {{URL|https://atsautomation.com/}}

| footnotes =

}}

ATS Corporation is a Canadian company based in Cambridge, Ontario, that designs and builds factory automation systems. It is listed on the Toronto Stock Exchange.

History

ATS was founded by Klaus Woerner in 1978.{{Cite news|url=https://www.kitchenerpost.ca/community-story/5907077-100-years-100-people-business/|title=100 years, 100 people: Business|date=2012-05-24|work=KitchenerPost.ca|access-date=2018-11-09|language=en-CA}} Woerner, who immigrated to Canada from Germany in 1974, ran the company until his death in 2005, overseeing significant growth.{{Cite web|url=https://www.atsautomation.com/en/Investor%20Relations/News/2005%20-%20ATS%20founder%20Klaus%20Woerner%20passes%20away.aspx|title=ATS founder Klaus Woerner passes away {{!}} ATS Automation|website=www.atsautomation.com|language=en|access-date=2018-11-09}} In 2007, ATS pulled the planned IPO of its solar division, Photowatt.{{Cite news|url=http://www.pressreader.com/canada/national-post-latest-edition/20070328/282621733265017|title=ATS Automation pulls its planned solar IPO|date=2007-03-28|work=National Post}} Partially as a result of this, two hedge funds, Goodwood and Mason Capital Management, led a proxy fight against the firm, leading to the a new board of directors and management team.{{Cite news|url=https://www.theglobeandmail.com/globe-investor/investment-ideas/ats-automation-starting-to-turn-investors-crank/article625690/|title=ATS Automation starting to turn investors' crank|date=2011-07-06|work=The Globe and Mail|access-date=2018-11-09}} Anthony Caputo became CEO at this time.{{Cite news|url=https://www.thestar.com/business/2008/11/12/ats_automation_tooling_cutting_150_jobs.html|title=ATS Automation Tooling cutting 150 jobs {{!}} The Star|date=2008-11-12|work=The Toronto Star|access-date=2018-11-09|language=en}} Photowatt under-performed significantly in the years that followed; the company eventually sold Photowatt's French operations to EDF Group.{{Cite news|url=https://www.therecord.com/news-story/2597216-french-court-approves-sale-of-ats-solar-division/|title=French court approves sale of ATS solar division|date=2012-02-27|work=TheRecord.com|access-date=2018-11-09|language=en-CA}}

In 2011, ATS purchased Sortimat Group, a German life sciences automation firm, for $62 million. In 2013, they purchased German packaging firm IWK for $144 million,{{Cite news|url=https://www.therecord.com/news-story/4060184-cambridge-company-ats-to-acquire-german-packaging-firm-for-144m/|title=Cambridge company ATS to acquire German packaging firm for $144M|last=Howitt|first=Chuck|date=2013-09-03|work=TheRecord.com|access-date=2018-11-09|language=en-CA}} and in 2014, they purchased the automation business of German company M+W Group for $362 million.{{Cite news|url=https://business.financialpost.com/transportation/ats-acquires-germanys-mw-group-for-362-million-in-bid-to-boost-auto-industry-exposure|title=ATS acquires Germany's M+W Group for $362-million in bid to boost auto industry exposure|date=2014-07-08|work=Financial Post|access-date=2018-11-09|language=en-US}}

In February 2017, Andrew Hider was appointed CEO of the company.{{Cite web |date=2017-02-10 |title=ATS Automation names Andrew Hider CEO |url=https://www.automationmag.com/6787-ats-automation-names-andrew-hider-ceo/ |access-date=2021-01-18 |website=Manufacturing Automation |language=en-US}}

In September 2023, ATS acquired Avidity Science, a biomedical research and life sciences water purification equipment provider, for $195 million.{{Cite web |last= |first= |title=ATS To Acquire Biomedical Research & Life Sciences Water Purification Equipment Provider Avidity Science |url=https://www.newswire.ca/news-releases/ats-to-acquire-biomedical-research-amp-life-sciences-water-purification-equipment-provider-avidity-science-830513684.html |access-date=2023-09-22 |website=www.newswire.ca |language=en}}

Operations

ATS builds automation systems for the medical devices, pharmaceuticals, telecommunications, semiconductor, fiber optics, automotive, computers, solar energy and consumer products industries. As of 2018, they have designed and built 23,000 automation systems.

ATS employs approximately 6500 people worldwide, with 20 facilities in North America, Europe and Asia.

References

External links

{{Official website|https://atsautomation.com/}}

Category:Companies listed on the Toronto Stock Exchange

Category:Manufacturing companies based in Ontario

Category:Manufacturing companies of Canada

Category:Companies based in Cambridge, Ontario

Category:Equipment semiconductor companies

Category:MES software