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BRIEF-ATS To Acquire A Systems Provider For 113 Million Euro

Published 2018-12-19, 08:24 a/m
BRIEF-ATS To Acquire A Systems Provider For 113 Million Euro
ATS
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Dec 19 (Reuters) - ATS Automation Tooling Systems Inc ATA.TO :

* ATS TO ACQUIRE A LEADING SYSTEMS PROVIDER TO THE RADIOPHARMACEUTICAL AND PHARMACEUTICAL MARKETS

* ATS AUTOMATION TOOLING SYSTEMS INC - TOTAL CASH PURCHASE PRICE FOR ACQUISITION WILL BE 113 MILLION EURO

* ATS AUTOMATION TOOLING SYSTEMS INC - WILL FUND ACQUISITION PRIMARILY FROM CASH ON HAND AND ITS CREDIT FACILITIES

* ATS AUTOMATION TOOLING SYSTEMS - EXPECTS RETURN ON INVESTED CAPITAL ASSOCIATED WITH ACQUISITION TO ACHIEVE DOUBLE DIGITS BY YEAR FIVE POST-ACQUISITION

* ATS AUTOMATION TOOLING SYSTEMS - IN FISCAL 2020, ATS EXPECTS ADJUSTED EARNINGS PER SHARE ACCRETION IN MID-SINGLE DIGIT PERCENTAGE RANGE AS A RESULT OF TRANSACTION

* ATS AUTOMATION TOOLING SYSTEMS - ENTERED INTO DEFINITIVE AGREEMENT TO ACQUIRE COMECER S.P.A.

* ATS AUTOMATION TOOLING SYSTEMS - EARNINGS PER SHARE SEEN TO BE DILUTED IN SHORT-TERM DUE TO INCREMENTAL AMORTIZATION OF ORDER BACKLOG & OTHER INTANGIBLE ASSETS FROM DEAL

* ATS AUTOMATION TOOLING - FOR 2018, COMECER IS EXPECTED TO GENERATE REVENUES OF APPROXIMATELY 67 MILLION EURO, WITH A LOW DOUBLE-DIGIT EBITDA MARGIN

* ATS AUTOMATION TOOLING SYSTEMS INC - COMECER WILL CONTINUE TO BE LED BY ITS CEO, ALESSIA ZANELLI

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