ATS CORP., $37.35, is a buy. The company (Toronto symbol ATS; TSINetwork Rating: Average) (www.atsautomation.com; Shares outstanding: 97.9 million; Market cap: $3.7 billion; No dividends paid) on August 7, 2024, agreed to acquire all material assets from Heidolph Instruments GmbH & Co. Heidolph is a German manufacturer of premium lab equipment for the life sciences and pharmaceutical industries.
Heidolph’s capabilities will complement ATS. It also adds geographic diversification in Europe and Asia. Heidolph has annual revenue of about 50 million euros ($75.3 million Cdn.). It operates facilities in Germany, the U.S., South Korea, and China.
ATS Corp. is a buy.