Dec 16 (Reuters) - ATS Automation Tooling Systems Inc ATA.TO :
* ATS ACQUIRES SPECIALIZED PROVIDER OF PRODUCTIVITY SOLUTIONS TO THE GLOBAL FOOD PACKING INDUSTRY
* ATS AUTOMATION TOOLING SYSTEMS - ATS AUTOMATION TOOLING SYSTEMS HAS ACQUIRED MARCO LIMITED
* ATS FUNDED ACQUISITION FROM CASH ON HAND
* ATS EXPECTS TO ACHIEVE A TEN PERCENT RETURN ON INVESTED CAPITAL BY SECOND FISCAL YEAR FOLLOWING ACQUISITION
* ATS AUTOMATION TOOLING SYSTEMS -FY ENDING MARCH 31, 2020, MARCO IS EXPECTED TO GENERATE REVENUES OF ABOUT £15 MILLION POUNDS STG
* ATS AUTOMATION TOOLING SYSTEMS - IN ITS FISCAL YEAR ENDING MARCH 31, 2020, MARCO SEES EBITDA MARGIN IN LOW- TO MID-TWENTY PERCENT RANGE