ATS Acquires Asia-Pacific Based System Integrator ZI-ARGUS – QNT Press Release

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CAMBRIDGE, ON, Oct. 3, 2022 /CNW/ – ATS Automation Tooling Systems Inc. (TSX:ATA) (“ATS” or the “Company”) today announced that it has entered into a definitive agreement to acquire ZI-ARGUS (“ZIA”), a subsidiary of Zuellig Group. ZIA is a leading independent automation Systems Integrator in the ASEAN region and Australiawith a strong focus on process control, factory floor automation, data center and Industry 4.0 digitization solutions. The financial terms of the transaction were not disclosed.

ZIA will join ATS’ Process Automation Solutions (“PA”) business, a leading provider of complete automation solutions for the process and manufacturing industries. ZIA will significantly strengthen PA’s position in attractive high-growth automation and digitalization markets in the region with proven expertise for customers in Pharma, Food & Beverage, Consumer Goods, Petrochemical, Biochemical, and Data Centers, while also accelerating PA’s digitalization journey. The transaction is subject to the completion of certain closing conditions.

“ZIA provides us with a proven platform to serve domestic and global customers in industries that are strategic to us and in geographic regions that are highly complementary to our existing footprint,” said Dr. Christian DebusPresident of PA. “Additionally, ZIA’s extensive technical capabilities will enhance PA’s digitalization business, which is experiencing significant demand as customers seek to take full advantage of IIoT and smart factory advancements. We welcome ZIA’s experienced team to PA.”

About ZI-Argus

ZIA was founded almost 3 decades ago and headquartered in …

Full story available on Benzinga.com

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