ATS Automation Tooling Systems

ATS Corporation[1]
Company typePublic
TSX: ATS [1] NYSE:ATS
IndustryAutomated Machinery and Equipment
GenreEngineering and Manufacturing
Founded1978 Edit this on Wikidata
FounderKlaus Woerner
Headquarters730 Fountain St N.,
Cambridge, Ontario
,
Canada
Key people
Andrew Hider (CEO since 2017)
Revenue1.4B CAD[2]
Number of employees
6500 [3]
Divisions20 facilities and 50 offices worldwide:[3]
Websitewww.atsautomation.com

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.[4] Woerner, who immigrated to Canada from Germany in 1974, ran the company until his death in 2005, overseeing significant growth.[5] In 2007, ATS pulled the planned IPO of its solar division, Photowatt.[6] 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.[7] Anthony Caputo became CEO at this time.[8] Photowatt under-performed significantly in the years that followed;[7] the company eventually sold Photowatt's French operations to EDF Group.[9]

In 2011, ATS purchased Sortimat Group, a German life sciences automation firm, for $62 million.[7] In 2013, they purchased German packaging firm IWK for $144 million,[10] and in 2014, they purchased the automation business of German company M+W Group for $362 million.[11]

In February 2017, Andrew Hider was appointed CEO of the company.[12]

In September 2023, ATS acquired Avidity Science, a biomedical research and life sciences water purification equipment provider, for $195 million.[13]

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.[3]

ATS employs approximately 6500 people worldwide, with 20 facilities in North America, Europe and Asia.[3]

References

  1. ^ a b "ATS Automation Tooling Systems Inc. Changes name to ATS Corp". Toronto Star. 21 November 2022.
  2. ^ "ATS Reports Fourth Quarter and Fiscal 2020 Results".
  3. ^ a b c d "About Us (CA;ATA)". Retrieved 2020-11-16.
  4. ^ "100 years, 100 people: Business". KitchenerPost.ca. 2012-05-24. Retrieved 2018-11-09.
  5. ^ "ATS founder Klaus Woerner passes away | ATS Automation". www.atsautomation.com. Retrieved 2018-11-09.
  6. ^ "ATS Automation pulls its planned solar IPO". National Post. 2007-03-28.
  7. ^ a b c "ATS Automation starting to turn investors' crank". The Globe and Mail. 2011-07-06. Retrieved 2018-11-09.
  8. ^ "ATS Automation Tooling cutting 150 jobs | The Star". The Toronto Star. 2008-11-12. Retrieved 2018-11-09.
  9. ^ "French court approves sale of ATS solar division". TheRecord.com. 2012-02-27. Retrieved 2018-11-09.
  10. ^ Howitt, Chuck (2013-09-03). "Cambridge company ATS to acquire German packaging firm for $144M". TheRecord.com. Retrieved 2018-11-09.
  11. ^ "ATS acquires Germany's M+W Group for $362-million in bid to boost auto industry exposure". Financial Post. 2014-07-08. Retrieved 2018-11-09.
  12. ^ "ATS Automation names Andrew Hider CEO". Manufacturing Automation. 2017-02-10. Retrieved 2021-01-18.
  13. ^ "ATS To Acquire Biomedical Research & Life Sciences Water Purification Equipment Provider Avidity Science". www.newswire.ca. Retrieved 2023-09-22.


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