ATS TO ACQUIRE KMW TO STRENGTHEN ITS POSITION IN THE ELECTRIC VEHICLE (EV) MARKET
Cambridge, Ontario (September 13, 2018) - ATS Automation Tooling Systems Inc. (TSX: ATA)
(“ATS” or the “Company”) an industry-leading automation solutions provider, today announced
that it has entered into a definitive agreement to acquire 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 addition of
KMW’s micro-assembly technology and expertise are expected to strengthen ATS’ current
offerings in the EV market.
Micro-assembly systems are critical elements in the assembly of various components used in
electric vehicles, including motors, power storage systems, braking, steering, and electronic
modules. KMW is expected to provide ATS with an internal source for complimentary
conveyorized micro-assembly and test capabilities, further enabling the company to provide full
automation solutions and meet customer demands for a complete turnkey offering.
“The EV market is one of strategic significance to ATS,” said Andrew Hider, ATS CEO. “Having
the capabilities that KMW offers, in-house, will enhance our offering in the EV market, while
reducing supplier risk,” Hider continued, “I look forward to welcoming KMW’s customers and
employees to the ATS family.”
Established in 1993 and headquartered in Koblenz, Germany, KMW, has 68 employees and
offers complete custom micro-assembly machines and solutions; clamps and tooling; and inprocess
In its fiscal year ended March 31, 2018, KMW had revenues of approximately €14 million and an
EBITDA margin of over 20%.
ATS will pay €19.5 million for KMW in an all-cash transaction and expects the deal to close in
the third quarter of its fiscal 2019, subject to customary closing conditions.