CAMBRIDGE, ON, Sept. 27, 2021 /CNW/ - ATS Automation
Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company"), an
industry-leading automation solutions provider, today announced it
has entered into a definitive agreement to acquire DF S.r.l, a
specialized manufacturer of pharmaceutical processing and packaging
equipment and systems. The transaction is expected to close in the
fourth calendar quarter of 2021, pending the completion of
customary regulatory filings. The financial terms of the
transaction were not disclosed.
DF will join ATS' Comecer business, a leading manufacturer of
aseptic production and packaging equipment for the
radiopharmaceutical and pharmaceutical markets.
"The addition of DF provides Comecer with a complementary
portfolio of products allowing us to enhance our value proposition
to customers, particularly in the aseptic fill-finish manufacturing
area" said Simone Volpi, President
of Comecer. "We also see opportunities for joint product
development and cross-selling across the Comecer and DF portfolios
which will help drive future growth for our
businesses".
DF is a supplier of specialized production equipment and systems
primarily catering to the pharmaceutical market, with a growing
presence in other markets including food. The company's offerings
include washing, sterilizing, and packaging and control solutions
that meet stringent industry requirements. DF employs 26 employees
at its two Italian locations.
About DF
DF was founded in 1987 by Massimo Boldrini. The company is based in Siena,
Tuscany, Italy, and provides
specialized equipment and systems serving customers in the
pharmaceutical and food markets. DF operates through 3 business
entities and employs 26 employees at its two locations in
Italy. Visit the company's website
at www.dfsiena.it for more details.
About ATS
ATS is an industry-leading automation
solutions provider to many of the world's most successful
companies. ATS uses its extensive knowledge base and global
capabilities in custom automation, repeat automation, automation
products and value-added services, including pre-automation and
after-sales services, to address the sophisticated manufacturing
automation systems and service needs of multinational customers in
markets such as life sciences, food & beverage, transportation,
consumer products, and energy. Founded in 1978, ATS employs over
5,000 people at 28 manufacturing facilities and over 50 offices in
North America, Europe, Southeast
Asia and China. The
Company's shares are traded on the Toronto Stock Exchange under the
symbol ATA. Visit the Company's website at
www.atsautomation.com.
Forward-Looking Statements:
This news release
contains certain statements that constitute forward-looking
information within the meaning of applicable securities laws
("forward-looking statements"). Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements of
ATS or DF, or developments in either ATS' or DF's business or in
their industry, to differ materially from the anticipated results,
performance, achievements or developments expressed or implied by
such forward-looking statements. Forward-looking statements include
all disclosure regarding possible events, conditions or results of
operations that is based on assumptions about future economic
conditions and courses of action. Forward-looking statements may
also include, without limitation, any statement relating to future
events, conditions or circumstances. ATS cautions you not to place
undue reliance upon any such forward-looking statements, which
speak only as of the date they are made.
Forward-looking statements in this press release relate to,
among other things: completion of and timing for completion of the
acquisition and benefits resulting from the acquisition. The risks
and uncertainties that may affect forward-looking statements
include, among others: performance of the market sectors that DF
and ATS serve; the progression of COVID-19 and its impacts on the
Company's and DF's ability to operate their respective assets,
including the possible shut-down of facilities due to COVID-19
outbreaks; the severity and duration of the COVID-19 pandemic in
all jurisdictions where the Company and DF conduct business; the
nature and extent of government imposed restrictions on travel and
business activities and the nature, extent, and applicability of
government assistance programs, in both cases related to the
COVID-19 pandemic, as applicable in all jurisdictions where the
Company and DF conduct business; the impact of the COVID-19
pandemic on the Company's and DF's employees, customers, and
suppliers; the impact of COVID-19 on the global economy; general
market performance including capital market conditions and
availability and cost of credit; foreign currency and exchange
risk; the relative strength of the Canadian dollar; impact of
factors such as increased pricing pressure and possible margin
compression; the regulatory and tax environment; failure or delays
associated with new customer programs; that closing is delayed or
prohibited as a result of the completion of regulatory filing
process; that DF's business does not perform as expected; that one
or more customers, or other persons with which ATS or DF has
contracted, experience insolvency or bankruptcy with resulting
delays, costs or losses; political, labour or supplier disruptions;
imposition of new duties, tariffs or other legal barriers; risks
relating to legal proceedings to which DF and/or ATS is or may
become a party; exposure to product liability claims; risks
associated with greater than anticipated tax liabilities or
expenses; and other risks detailed from time to time in ATS'
filings with Canadian provincial securities regulators.
Forward-looking statements are based on management's current plans,
estimates, projections, beliefs and opinions, and other than as
required by applicable securities laws, ATS does not undertake any
obligation to update forward-looking statements should assumptions
related to these plans, estimates, projections, beliefs and
opinions change.
SOURCE ATS Automation Tooling Systems Inc.