logo
logo

ATS Corporation completes acquisition of Paxiom Group to expand its automation solutions

Jul 25, 2024•about 1 year ago

Acquiring Company

ATS Corporation

Acquired Company

Paxiom Group

CambridgeMontrealManufacturingManufacturing

Description

ATS Corporation has successfully completed the acquisition of Paxiom Group, a provider of packaging machines in the food and beverage, cannabis, and pharmaceutical industries. This strategic acquisition enhances ATS’s capabilities to offer comprehensive automation solutions to a wider range of industries.

Company Information

Company

ATS Corporation

Location

Cambridge, Ontario, Canada

About

ATS Corporation 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 solutions 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, transportation, food & beverage, consumer products, and energy. Founded in 1978, ATS employs over 7,500+ people at more than 65+ manufacturing facilities and over 85+ offices in North America, Europe, Asia and Oceania. The Company's common shares are traded on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") under the symbol ATS.

Related People

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed