ATS Automation completes acquisition of KMW

Thursday November 01, 2018
Written by Manufacturing AUTOMATION
November 1, 2018 – Cambridge, Ontario–based automation solutions provider ATS Automation Tooling Systems Inc. has announced it has completed the acquisition of KMW Konstruktion, Maschinen- & Werkzeugbau GmbH & Co. KG and KMW GmbH (collectively, "KMW"), a German-based supplier of custom micro-assembly systems and test equipment solutions.

The terms of the deal, previously announced on September 13, 2018, were that ATS would pay €19.5 million for KMW in an all-cash transaction.

The addition of KMW's micro-assembly technology and expertise are expected to strengthen ATS' current offerings in the electric vehicle (EV) market.

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.