ATS Automation acquires MARCO Limited for £25M

ATS Automation Tooling Systems Inc. acquired MARCO Limited, a provider of yield control and recipe formulation systems for the food, nutraceuticals and cosmetics sectors, for a preliminary cash purchase price of £25 million, with up to an additional £7.3 million payable subject to an earn-out.

“MARCO is a high-quality company that provides ATS with the means of entering a product-based, niche segment of the food industry that is growing at a mid-single digit rate.”newswire.ca

• 3 sources
• newswire.caATS Acquires Specialized Provider of Productivity Solutions to the Global Food Packing IndustryATS Automation Tooling Systems Inc.Dec 16, 2019
• automationmag.comATS Automation Acquires U.K. Process Control Provider For Food Industry - Manufacturing AUTOMATIONKristina UrquhartDec 17, 2019
• design-engineering.comATS Acquires MARCO Limited - Design EngineeringMike McLeodJan 13, 2020

Summarized from public sources; check the original articles before acting on it.