# ATS Automation completes acquisition of 92.75% stake in CFT S.p.A.

ATS Automation Tooling Systems Inc. completed the acquisition of a 92.75% stake in CFT S.p.A. for €82.8 million. The tender offer was at €4.60 per share.

- Type: Acquisition
- Announced: 2021-03-11
- Where: Italy, Italy
- Value: $98.5M (82.8M EUR)
- Status: completed
- Products: automation tooling systems, industrial automation equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [CFT Group](https://endata.com/companies/3629.md) (target)
- [ATS Automation Tooling Systems](https://endata.com/companies/5706.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/CFT-S-P-A-36926663/news/ATS-Automation-Tooling-Systems-Inc-completed-the-acquisition-of-92-75-stake-in-CFT-S-p-A-from-Rob-33483176/), 2021-03-11: "ATS Automation Tooling Systems Inc. completed the acquisition of 92.75% stake in CFT S.p.A. from Roberto Catelli, Alessandro Merusi and others for €82.8 million."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/ats-announces-successful-conclusion-of-tender-offer-for-acquisition-of-cft-810500951.html), 2021-03-12: "ATS today announced results for the voluntary public tender offer launched by ATS Automation Holdings Italy S.r.l. to acquire 100% of the outstanding shares and voting rights of CFT S.p.A."
- [cft-group.com](https://www.cft-group.com/a-more-global-future-with-ats-automation/), 2021-03-23: "CFT is undoubtedly a highly strategic transaction for ATS as it allows the Canadian group to enter the food & beverage sector."

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