# 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.

- Type: Acquisition
- Announced: 2020-12-07
- Where: Parma, Italy, Italy
- Value: $196.0M (166.0M EUR)
- Status: announced
- Products: fresh produce sorting, processing, and packaging equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [CFT Group](https://endata.com/companies/3629.md) (target)
- [ATS Automation Tooling Systems](https://endata.com/companies/5706.md) (acquirer)
- [Rolec Prozess und Brautechnik GmbH](https://endata.com/companies/52468.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/ats-launches-voluntary-tender-offer-for-global-food-amp-beverage-equipment-supplier-cft-s-p-a--825067425.html), 2020-12-07: "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](https://www.newswire.ca/news-releases/ats-launches-voluntary-tender-offer-for-global-food-amp-beverage-equipment-supplier-cft-s-p-a--825067425.html), 2020-12-07: "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."
- [canmaker.com](https://canmaker.com/bid-made-for-italian-food-canning-equipment-specialist-cft/), 2020-12-09: "An offer has been made for Italian food canning equipment company CFT SpA by Canada’s ATS Automation Tooling Systems."
- [inside.beer](https://www.inside.beer/news/detail/canadaitalygermany-takeover-of-cft-one-step-further), 2021-01-12: "ATS announced in December its intention to acquire by way of a voluntary public tender offer CFT including its subsidiary Rolec Prozess und Brautechnik GmbH."
- [bebeez.eu](https://bebeez.eu/2021/02/08/atss-takeover-bid-on-italys-packaging-of-fresh-food-products-leader-cft-is-starting-today/), 2021-02-08: "The take over offer by the Toronto-listed group ATS – Automation Tooling Systems Inc. for the entire capital of Italy’s CFT spa is starting today and closing next March 12."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.