CAMBRIDGE, ON, Sept. 19, 2019 /CNW/ - ATS Automation
Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company") an
industry-leading automation solutions provider, today announced
that it has acquired iXLOG Unternehmensberatung GmbH ( "iXLOG"), a
Germany-based IT consulting and
service provider specializing in business process optimization,
business intelligence and analytics, primarily for large and
medium-sized industrial manufacturing customers.
The addition of iXLOG is highly complementary to ATS' Process
Automation Solutions ("PA") business. iXLOG will play a critical
role in expanding PA's data analytics and business intelligence
offerings, and building additional solutions to broaden PA's
digitization capabilities that are used to optimize customer
manufacturing operations.
"We are excited to announce the addition of iXLOG and its
employees to our PA business," said Andrew
Hider, ATS CEO. "iXLOG brings unique capabilities that will
complement our digital service offerings and I expect will
accelerate the growth of our PA business."
Established in 1999 and headquartered in Hofheim near
Frankfurt, iXLOG generated
revenues of approximately €4 million in 2018.
PA is a leading provider of customized automation solutions. It
engineers and programs control systems, designs and builds complete
automated manufacturing lines, and integrates machines, control
systems and software solutions into DCS, MES, SCADA and ERP
systems. Through its subsidiary Advanced Applications GmbH, PA
offers SAP and digital manufacturing consultancy services.
Financial terms of the acquisition were not disclosed.
About ATS
ATS is an industry-leading automation
solutions provider to many of the world's most successful
companies. ATS uses its extensive knowledge base and global
capabilities in custom automation, repeat automation, automation
products and value-added services, including pre-automation and
after-sales services, to address the sophisticated manufacturing
automation systems and service needs of multinational customers in
markets such as life sciences, chemicals, consumer products,
electronics, food, beverage, transportation, energy, and oil and
gas. Founded in 1978, ATS employs approximately 4,400 people at 23
manufacturing facilities and over 50 offices in North America, Europe, Southeast
Asia and China. The
Company's shares are traded on the Toronto Stock Exchange under the
symbol ATA. Visit the Company's website at
www.atsautomation.com.
About iXLOG
Since 1999, iXLOG has developed leading,
intelligent SAP solutions for customers through a team of SAP
experts. In addition to its SAP expertise, iXLOG has expanded
its portfolio with Jedox Business Intelligence and Analytics tools
and solutions for process evaluation and monitoring as well as
integrated corporate planning. iXLOG is a SAP Silver Partner, Jedox
Platinum Partner and a certified Jedox Training Center.
Note to Readers: Forward-Looking Statements:
This news
release of ATS contains certain statements that may constitute
forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"). Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of ATS, or developments in ATS'
business or in its industry, to differ materially from the
anticipated results, performance, achievements or developments
expressed or implied by such forward-looking statements.
Forward-looking statements include all disclosure regarding
possible events, conditions or results of operations that is based
on assumptions about future economic conditions and courses of
action. Forward-looking statements may also include, without
limitation, any statement relating to future events, conditions or
circumstances. ATS cautions you not to place undue reliance upon
any such forward-looking statements, which speak only as of the
date they are made. Forward-looking statements relate to, among
other things: expanding offerings and additional solutions of PA,
capabilities of iXLOG, and anticipated growth and other impacts
resulting therefrom. The risks and uncertainties that may affect
forward-looking statements include, among others: impact of the
global economy and general market performance including capital
market conditions and availability and cost of credit; performance
of the market sectors that iXLOG and ATS serve; foreign currency
and exchange risk; the relative strength of the Canadian dollar;
impact of factors such as increased pricing pressure and possible
margin compression; the regulatory and tax environment; that this
acquisition is not integrated as quickly or effectively as planned
or expected and, as a result, anticipated benefits, enhancements,
growth and synergies are not realized; that iXLOG's business does
not perform as expected; that one or more customers, or other
persons with which iXLOG has contracted, experience insolvency or
bankruptcy with resulting delays, costs or losses; risks relating
to legal proceedings to which iXLOG and/or ATS is or may become a
party; exposure to product liability claims; risks associated with
greater than anticipated tax liabilities or expenses; and other
risks detailed from time to time in ATS' filings with Canadian
provincial securities regulators. Forward-looking statements are
based on management's current plans, estimates, projections,
beliefs and opinions, and other than as required by applicable
securities laws, ATS does not undertake any obligation to update
forward-looking statements should assumptions related to these
plans, estimates, projections, beliefs and opinions change.
SOURCE ATS Automation Tooling Systems Inc.