CAMBRIDGE, ON, March 12, 2021 /CNW/ - ATS Automation
Tooling Systems Inc. (TSX:ATA) ("ATS" or the "Company"), an
industry-leading automation solutions provider, today announced
results for the voluntary public tender offer launched by ATS
Automation Holdings Italy S.r.l., a limited liability company
indirectly and wholly controlled by ATS, to acquire 100% of the
outstanding shares and voting rights of CFT S.p.A (BIT:CFT)
("CFT"), an established global supplier to the food and beverage
equipment market. The tender offer period expired on March 12, 2021. Subject to confirmation of final
numbers by the applicable intermediary by March 18, 2021, approximately 17,995,381 shares,
representing approximately 93.92 percent of CFT's outstanding
shares, were validly tendered in the offer. All conditions of the
tender offer having been satisfied, the shares submitted to the
tender offer will be purchased prior to the end of March 2021, on the settlement dates established
in the tender offer documents.
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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 4,200 people at 20
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.
Forward-Looking Statements:
This news release
contains certain statements that 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 in this press release relate to,
among other things: confirmation of tender offer results by
March 18, 2021 and payment of the
purchase price for shares submitted to the offer. The risks and
uncertainties that may affect forward-looking statements include,
among others: that results as confirmed by March 18, 2021 are materially different than the
preliminary results disclosed herein 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.