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ATS Announces Automation Systems Order Booking
ATS Automation Posted 03/02/2016
CAMBRIDGE, ON - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company") today announced it has received an enterprise Order Booking from a North American-based customer that is a global leader in its market. ATS has provided innovative core manufacturing solutions to the customer for a number of years.
The Order Booking is valued at approximately U.S. $100 million and involves delivery and installation of systems at several locations that will enable the customer to roll out a new global product. Multiple ATS divisions will be involved with delivery and the period of performance is expected to be approximately six quarters. Further details regarding the customer and the Order Booking cannot be provided due to confidentiality obligations and commercial considerations.
"This Order Booking is a reflection of ATS's growth strategy of providing comprehensive, value-based enterprise manufacturing systems for customers built on differentiating technological solutions and global capabilities," said Anthony Caputo, Chief Executive Officer. "It represents the culmination of months of collaboration between the customer and ATS teams and marks the continuation of a relationship that has produced many successful outcomes."
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, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas. Founded in 1978, ATS employs approximately 3,500 people at 24 manufacturing facilities and over 50 offices in North America, Europe, Southeast Asia and China.
Maria Perrella, Chief Financial Officer
Tel: 519 653-6500