- ATS Automation Tooling Systems Inc. (ATA) has received a C$90 million order from an existing global automotive customer
- This initial order is part of a multi-phase enterprise program that includes the design, build, and installation of turnkey battery assembly systems
- The order will be delivered in the next 18 months
- ATS is an industry-leading automation solutions provider
- ATS Automation Tooling Systems Inc. (ATA) is up 2.77 per cent and is trading at $35.90 per share as of 11:43 a.m. ET
ATS Automation Tooling Systems (ATA) announced that its Industrial Automation business has received an initial order from an existing global automotive customer.
According to ATS, the systems are considered critical components for the customer’s electric vehicle (EV) strategy. The order will be recorded in the company’s Q1, 2023 results and is expected to be delivered over the next 18 months.
ATS is an automation solutions provider that uses its capabilities to address the manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, transportation, consumer products, and energy.
“This booking allows us to continue to leverage our experience and successful track record in the EV market, and further demonstrates our ability to deliver solutions to meet the needs of customers,” Andrew Hider, CEO of ATS, said.
“With accelerating customer and consumer demand, we can leverage our ATS Business Model and commitment to continuous improvement to evolve and expand our offerings as technology and needs continue to change,” Hider said.
ATS Automation Tooling Systems Inc. (ATA) is up 2.77 per cent and is trading at $35.90 per share as of 11:43 a.m. ET.