ATS Acquire Conveyor Systems Manufacturer NCC Automated Systems

ATS Automation Tooling Systems Inc. (TSX:ATA) (“ATS” or the “Company”), an industry-leading automation solutions provider, today announced it has acquired NCC Automated Systems, Inc. (“NCC”), a provider of engineered to order sanitary automation solutions and stand-alone precision conveyance equipment for US$40 million (~C$50 million), subject to customary post-closing adjustments, representing 11.4x NCC’s FY2020 adjusted EBITDA or 6.2x post synergies.