Dec 7, 2020ACQUISITIONParma, Italy, Italy ATS Automation to acquire food equipment supplier CFT S.p.A. for €166M
ATS Automation Tooling Systems announced a voluntary tender offer to acquire CFT S.p.A., a global supplier to the food and beverage equipment market, for an enterprise value of €166 million.
Value
$196.0M (166.0M EUR)
Productsfresh produce sorting, processing, and packaging equipment
“This is a highly strategic transaction that will allow us to establish a broader growth platform for ATS in the regulated food and beverage equipment market, and positions us well in attractive niches.”newswire.ca
- 3 sources
- newswire.caATS Launches Voluntary Tender Offer for Global Food & Beverage Equipment Supplier CFT S.p.A.ATS Automation Tooling Systems Inc.Dec 7, 2020
- newswire.caATS Launches Voluntary Tender Offer for Global Food & Beverage Equipment Supplier CFT S.p.A.ATS Automation Tooling Systems Inc.Dec 7, 2020
- canmaker.comBid made for Italian food canning equipment specialist CFT - The CanmakerKavitha SivasubramaniamDec 9, 2020
Summarized from public sources; check the original articles before acting on it.
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