- Business
- ATS Corporation (TSX, NYSE: ATS) designs, builds, and installs custom automation solutions, including custom integration and automation systems, repeat automation products, and equipment; provides value-added services such as pre-automation engineering, after-sales support, and spare parts; and offers specialized manufacturing for automation products. The company serves multinational customers in life sciences, food & beverage, transportation, consumer products, and energy markets with solutions encompassing factory automation systems, packaging machines, lab equipment, and clean energy applications like nuclear refurbishment and grid battery storage. Founded in 1978 and headquartered in Cambridge, Ontario, Canada, ATS employs over 7,500 people across more than 65 manufacturing facilities and 85 offices in North America, Europe, Asia, and Oceania.
In fiscal 2025, ATS completed the acquisition of Paxiom Group for $146.4 million, enhancing its primary, secondary, and end-of-line packaging capabilities in food & beverage, cannabis, and pharmaceutical sectors; acquired key assets of Heidolph Instruments for $45.1 million, bolstering premium lab equipment offerings for life sciences and pharmaceuticals; and integrated Intelligent Building Systems into its Rocky Mountain operations to expand intelligent building controls and support national accounts in the U.S. Midwest. The company also reached a settlement with a major electric vehicle customer, securing approximately $194 million in expected cash receipts in fiscal 2026 with no further project obligations, while undertaking reorganization activities that included $24.0 million in restructuring costs to right-size its transportation segment amid moderated EV investments. These moves align with ATS's strategy to prioritize regulated markets like life sciences and leverage acquisitions for revenue synergies and entry into high-growth subsectors such as radiopharmaceuticals and automated packaging.