ATS expands its markets and expertise

Article Excerpt

ATS Corp., based in Cambridge, Ontario, is a new pick for subscribers to Power Growth Investor. The company is at the forefront of the rapidly expanding market for factory automation technology. Part of that is its big move into EV battery assembly systems, as well as industries where reliability and system integrity are key such as food and beverage, and life sciences. We think this Power Buy is poised to move even higher for you. ATS CORP., $41.68, is a buy. The company (Toronto symbol ATS; TSINetwork Rating: Average) (www.atsautomation.com; Shares outstanding: 98.2 million; Market cap: $4.1 billion; No dividends paid) provides some of the world’s top manufacturers with factory automation solutions. Founded in 1978, it has over 60 manufacturing facilities and 80 offices in North America, Europe, and Asia. ATS continues to make acquisitions to expand its markets and its expertise. In March 2023, the company acquired Triad Unlimited LLC, a U.S.-based reliability engineering firm focused on North American and European markets. Triad will carry out…