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.

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