ATS Automation Tooling Systems, an automation solutions provider, has entered into a definitive agreement to acquire KMW Konstruktion, Maschinen- & Werkzeugbau GmbH & Co. KG and KMW GmbH (collectively, KMW), a Germany-based supplier of custom micro-assembly systems and test equipment solutions. The addition of KMW’s micro-assembly technology and expertise are expected to strengthen ATS’ current offerings in the EV market.
Micro-assembly systems are critical elements in the assembly of various components used in electric vehicles, including motors, power storage systems, braking, steering, and electronic modules. KMW is expected to provide ATS with an internal source for complimentary conveyorized micro-assembly and test capabilities, further enabling the company to provide full automation solutions and meet customer demands for a complete turnkey offering.
ATS will pay €19.5 million for KMW in an all-cash transaction and expects the deal to close in the third quarter of its fiscal 2019, subject to customary closing conditions.