ATS to Purchase Manufacturing Course of Optimization and Digitalization Options Supplier IPCOS

CAMBRIDGE, ON, Nov. 29, 2022 /CNW/ – ATS Company (TSX: ATS) (“ATS” or the “Firm”) right this moment introduced that it has entered right into a definitive settlement to accumulate IPCOS Group nv (“IPCOS”), a Belgium-based supplier of course of optimization and digitalization options with six places throughout Europe, the US, and India. The monetary phrases of the transaction weren’t disclosed, and the transaction is topic to the satisfaction of sure closing situations.

IPCOS will be part of ATS’ Course of Automation Options (“PA”) enterprise, a number one supplier of full automation and digitalization options for the method and manufacturing industries. With a robust concentrate on course of optimization, IPCOS will speed up PA’s technique to drive productiveness enchancment by way of digital options. In synergy with the prevailing PA portfolio, it furthers PA’s worth proposition of making options for patrons by way of automation integration, information analytics, and course of optimization.

“IPCOS broadens our course of optimization and digitalization capabilities in our key focus sectors,” stated Dr. Christian Debus, President of PA.  “Its sturdy area information, which has been included into their digital options, may be supplied to our present clients as a price add to our main digitalization platform. Moreover, IPCOS will considerably speed up PA’s progress trajectory, and additional strenghten our distinctive worth proposition. We’re trying ahead to welcoming the IPCOS crew to PA.”

“Being a part of PA will speed up IPCOS’ technique to develop within the space of digital companies and in new buyer segments by leveraging PA’s intensive technological experience, world footprint, and buyer entry,” stated Filip Stroobant, CEO of IPCOS.

About IPCOS

IPCOS was based in 1995, and is headquartered in Leuven, Belgium. IPCOS is a Digital Options and Companies supplier, targeted on maximizing plant effectivity, growing enterprise productiveness, and enhancing environmental sustainability, by way of the good software of newest Trade 4.0 applied sciences. IPCOS serves a variety of worldwide course of and allied industries with six places throughout the US, Europe and India. Go to the corporate’s web site at https://ipcos.com/ for extra particulars.

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About Course of Automation Options

Course of Automation Options GmbH is likely one of the main, manufacturer-independent suppliers of full automation options for the method, manufacturing, and automotive industries. As a robust companion, PA’s 1,400 automation specialists in Europe, America and Asia assist their clients throughout all phases of automation from planning to implementation and commissioning – and if desired, all through your entire lifecycle of the plant by way of aftersales service. Go to PA’s web site at www.pa-ats.com.

About ATS Company

ATS Company is an industry-leading automation options supplier to lots of the world’s most profitable corporations. ATS makes use of its intensive information base and world capabilities in customized automation, repeat automation, automation merchandise and value-added companies together with pre-automation and after-sales companies, to handle the delicate manufacturing automation methods and repair wants of multinational clients in markets reminiscent of life sciences, meals & beverage, transportation, client merchandise, and power. Based in 1978, ATS employs over 6,000 folks at greater than 50 manufacturing services and over 75 workplaces in North America, Europe, Southeast Asia and China. The Firm’s frequent shares are traded on the Toronto Inventory Alternate below the image ATS. Go to the Firm’s web site at www.atsautomation.com.

Ahead-looking Statements

This information launch accommodates sure statements which will represent forward-looking info inside the which means of relevant securities legal guidelines (“forward-looking statements”). Ahead-looking statements embrace all statements that aren’t historic info concerning potential occasions, situations or outcomes of operations that ATS believes, expects or anticipates will or might happen sooner or later, together with, however not restricted to: completion of the acquisition; expectations associated to the achievement of PA’s technique, together with its progress technique, and worth proposition, and expectations associated to IPCOS’ progress technique.. Such forward-looking statements are inherently topic to vital identified and unknown dangers, uncertainties and different components which will trigger the precise outcomes, efficiency or achievements of ATS, or developments in ATS’ enterprise or in its {industry}, to vary materially from the anticipated outcomes, efficiency, achievements or developments expressed or implied by such forward-looking statements. Vital dangers, uncertainties and components that would trigger precise outcomes to vary materially from expectations expressed within the forward-looking statements embrace, however aren’t restricted to, the  period of the COVID-19 pandemic and its influence on the Firm, its  staff, clients, suppliers and the worldwide economic system; influence of regional or world conflicts; basic market efficiency together with capital market situations and availability and value of credit score; efficiency of the markets that ATS serves; {industry} challenges in securing the availability of labour, supplies, and, in sure jurisdictions, power sources reminiscent of pure fuel, influence of inflation; rate of interest adjustments; international forex and alternate threat; the relative energy of the Canadian greenback; recessionary threat; influence of things reminiscent of elevated pricing strain, elevated price of power and provides, and delays in relation thereto, and potential margin compression; the regulatory and tax atmosphere; that closing is delayed or prohibited because of the shortcoming to finish closing situations; the expectations associated to the achievement of PA’s technique, together with its progress technique, or in relation to its worth proposition, aren’t realized as anticipated, or inside the anticipated timeframe or in any respect; the expectations associated to IPCOS’ progress technique aren’t realized as anticipated, or inside the anticipated timeframe or in any respect; efficiency of the market sectors or buyer segments that PA and IPCOS serve; and different dangers and uncertainties detailed now and again in ATS’ filings with securities regulators, together with, with out limitation, the danger components described in ATS’ annual info kind for the fiscal yr ended March 31, 2022, which can be found on the System for Digital Doc Evaluation and Retrieval (“SEDAR”) and may be accessed at www.sedar.com. ATS has tried to establish vital components that would trigger precise outcomes to materially differ from present expectations, nevertheless, there could also be different components that trigger precise outcomes to vary materially from such expectations.

Ahead-looking statements are essentially primarily based on quite a lot of estimates, components and assumptions concerning, amongst others, administration’s present plans, estimates, projections, beliefs and opinions, the long run efficiency and outcomes of the Firm’s enterprise and operations; and basic financial situations and world occasions, together with the COVID-19 pandemic.

Ahead-looking statements included on this information launch are solely supplied to know administration’s present expectations regarding future intervals and, as such, aren’t applicable for another objective. Though ATS believes that the expectations mirrored in such forward-looking statements are cheap, such statements contain dangers and uncertainties, and ATS cautions you to not place undue reliance upon any such forward-looking statements, which converse solely as of the date they’re made. ATS doesn’t undertake any obligation to replace forward-looking statements contained herein apart from as required by legislation.

SOURCE ATS Company

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