ATS Automation successfully closes SP Industries acquisition
December 7, 2021 by Manufacturing AUTOMATION
ATS Automation Tooling Systems, an automation solutions provider, has successfully completed the acquisition of SP Industries. SP Industries designs and manufactures high-grade biopharma equipment, life sciences equipment, and lab apparatus products. ATS entered into a definitive agreement and announced its intention to acquire SP on Nov. 7, 2021.
“SP greatly expands our capabilities and offerings through the addition of its aseptic and non-aseptic lyophilization portfolio and its fill-finish solutions and enhances our position in the pharmaceutical drug development and production end-markets,” said Andrew Hider, CEO of ATS. “SP participates in highly attractive segments where growth is driven by a robust pharma drug pipeline, rising usage of biologics and increasing lyophilization of products. Notably, the combination of ATS and SP will allow us to better support the needs of our customers throughout the lifecycle of pharmaceutical development and production, as well as in diagnostics, broader life sciences and applied sciences applications. With its proven track record and talented team, SP will be a strong contributor to the ATS family offering compelling sales synergy potential with our life sciences businesses including Comecer.”
Brian Larkin, CEO of SP, will continue to lead the company.
“We have observed ATS in action over the years and recognize its life sciences leadership and dedication to value creation for customers, some of whom are also customers of SP. As part of ATS, we will be able to grow to the next level with a focus on customer-driven innovation and further enhancing our value proposition in our targeted end-markets,” said Larkin.