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BRIEF-ATS Acquires Specialized Provider Of Productivity Solutions Marco Limited

Published 2019-12-16, 08:23 p/m
BRIEF-ATS Acquires Specialized Provider Of Productivity Solutions  Marco Limited

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

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