​ATS Automation Tooling Systems Inc. completes €248 million acquisition of M+W Process Automation

Date closed: 8/29/2014

Value:  €248 million

On August 29, 2014, ATS Automation Tooling Systems Inc. (ATS or the Company)  completed the acquisition of all shares of M+W Process Automation GmbH and ProFocus LLC, collectively M+W PA, a leading global provider of engineering-based automation services and solutions focused on the control, performance monitoring and measurement of critical production processes. .  The purchase price based on enterprise value of approximately €248 million (CDN $362 million at current exchange rates) is subject to net debt and working capital adjustments.

ATS, headquartered in Cambridge, Ontario, is a provider of innovative, custom designed, built and installed manufacturing solutions.

M+W PA, headquartered in Ludwigshafen am Rhein, Germany is a supplier of all-in-one automation solutions for the chemical, pharmaceutical, and automotive industries in Germany.

BLG is acting as Canadian counsel to ATS Automation Tooling Systems Inc. with a team being led by Gordon G. Raman that includes Linda Tu(Corporate/Securities), Rob Weir, James Fu, Patrick Trent (Labour and Employment), Brennan M. Carroll (Real Estate).