Ats to acquire biomedical research & life sciences water purification equipment provider avidity science

Cambridge, on , sept. 22, 2023 /prnewswire/ - ats corporation (tsx: ats) (nyse: ats) ("ats" or the "company") a leading automation solutions provider, today announced it has entered into a definitive agreement to acquire  avidity science, llc ("avidity"), a growing designer and manufacturer of automated water purification solutions for biomedical and life science applications, for us$195 million (~c$265 million), representing 11.2x avidity's projected calendar 2023 adjusted ebitda1,2, or 10.3x avidity's projected calendar 2023 synergy-adjusted ebitda1,2.
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