ATS Automation Tooling Systems
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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.
HistoryEdit
ATS was founded by Klaus Woerner in 1978.<ref>Template:Cite news</ref> Woerner, who immigrated to Canada from Germany in 1974, ran the company until his death in 2005, overseeing significant growth.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 2007, ATS pulled the planned IPO of its solar division, Photowatt.<ref>Template:Cite news</ref> 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.<ref name=":0">Template:Cite news</ref> Anthony Caputo became CEO at this time.<ref>Template:Cite news</ref> Photowatt under-performed significantly in the years that followed;<ref name=":0" /> the company eventually sold Photowatt's French operations to EDF Group.<ref>Template:Cite news</ref>
In 2011, ATS purchased Sortimat Group, a German life sciences automation firm, for $62 million.<ref name=":0" /> In 2013, they purchased German packaging firm IWK for $144 million,<ref>Template:Cite news</ref> and in 2014, they purchased the automation business of German company M+W Group for $362 million.<ref>Template:Cite news</ref>
In February 2017, Andrew Hider was appointed CEO of the company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
In September 2023, ATS acquired Avidity Science, a biomedical research and life sciences water purification equipment provider, for $195 million.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
OperationsEdit
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.<ref name="atswebsite" />
ATS employs approximately 6500 people worldwide, with 20 facilities in North America, Europe and Asia.<ref name="atswebsite" />