ATS closes buy of Harbour-backed SP Industries for $445m

ATS Automation Tooling Systems has closed its acquisition of SP Industries, a Warminster, Pennsylvania-based maker of biopharma processing equipment, life sciences equipment and lab apparatus products.

ATS Automation Tooling Systems has closed its acquisition of SP Industries, a Warminster, Pennsylvania-based maker of biopharma processing equipment, life sciences equipment and lab apparatus products. The previously announced deal had a purchase price of $445 million (C$550 million). SP Industries was acquired in 2015 by US private equity firm Harbour Group. Based in Cambridge, Ontario, ATS is a provider of automation solutions.

PRESS RELEASE

ATS Completes Acquisition of SP Industries

CAMBRIDGE, ON, Dec. 3, 2021 /CNW/ – ATS Automation Tooling Systems Inc. (TSX: ATA) (“ATS” or the “Company”), an industry-leading automation solutions provider, today announced the successful completion of its acquisition of SP Industries, Inc. (“SP”), a designer and manufacturer of high-grade biopharma processing equipment, life sciences equipment, and lab apparatus products. ATS entered into a definitive agreement and announced its intention to acquire SP on November 7, 2021.

About ATS
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, food & beverage, transportation, consumer products, and energy. Founded in 1978, ATS employs over 5,000 people at 28 manufacturing facilities and over 50 offices in North America, Europe, Southeast Asia and China. The Company’s shares are traded on the Toronto Stock Exchange under the symbol ATA. Visit the Company’s website at www.atsautomation.com.