Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: ATS Automation Tooling Systems
Edited by the Manufacturingtalk Editorial
Team on 05 January 2006
ATS completes sale of Precision Metals
business
ATS has completed the sale of its Precision Metals business to the Autocam Corporation, but has retained the land and building associated with this business and entered into a lease agreement.
ATS Automation Tooling Systems today announced it has completed the sale of its precision metals business to Autocam Corporation of Kentwood, Michigan As part of the transaction, ATS retained the land and building associated with this business and entered into a lease agreement with Autocam
This article was originally published on Manufacturingtalk on 17 Mar 2004 at 8.00am (UK)
Related stories
Aseptic robot withstands harsh sterilization
A prototype, ultra-clean, aseptic robot, believed to be the first automated robotic solution capable of withstanding the harsh sterilization treatment, will be shown at INTERPHEX 2004, USA.
Latest laser tube cutting system demonstrated
At the BLM GROUP UK's Open House, the company will demonstrate its Adige LT 722D Lasertube CNC laser tube cutting/profiling machine offering up to 30% productivity increase.
Sustaining manufacturing in the 21st century
MWP Magazine is to stage a Summit Conference 2008 one-day seminar and networking event for engineers, technologists, directors and managers working in SMEs in Sheffield, UK.
The purchase price is subject to certain post-closing adjustments and ATS indicated that the estimated gain or loss, if any, on this transaction will be reported with its third quarter results (three months ended December 31, 2005).
The signing of the sale agreement was announced on December 13, 2005.
The precision metals business employs approximately 200 people at one facility in Kitchener, Ontario.
ATS has treated this business as a discontinued operation since it announced its intention to divest the business.
* About ATS - ATS Automation Tooling Systems is the industry's leading designer and producer of turn-key automated manufacturing and test systems, which are used primarily by multinational corporations operating in a variety of industries including: healthcare, automotive, computer/electronics and consumer products.
Through its Solar Group, ATS is also an emerging leader in the rapidly growing market for solar energy cells and modules.
The Company also makes precision components and subassemblies using its process knowledge and automation technology.
ATS employs approximately 3,900 people at 25 manufacturing facilities in Canada, the United States, Europe and Asia-Pacific.
The Company's shares are traded on the Toronto Stock Exchange under the symbol ATA.
• ATS Automation Tooling Systems: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
