ATS announces acquisition of IPCOS

CAMBRIDGE — ATS Corporation today announced that it has entered into a definitive agreement to acquire IPCOS Group nv, a Belgium-based provider of process optimization and digitalization solutions with six locations across Europe, the US, and India. The financial terms of the transaction were not disclosed, and the transaction is subject to the satisfaction of certain closing conditions.

IPCOS will join ATS’ Process Automation Solutions business, a provider of automation and digitalization solutions for the process and manufacturing industries. With a focus on process optimization, IPCOS will try and accelerate PA’s strategy to drive productivity improvement through digital solutions. In synergy with the existing PA portfolio, it furthers PA’s value proposition of creating solutions for customers through automation integration, data analytics, and process optimization.

“IPCOS broadens our process optimization and digitalization capabilities in our key focus sectors,” said Dr. Christian Debus, President of PA. “Its strong domain knowledge, which has been incorporated into their digital solutions, can be offered to our existing customers as a value add to our leading digitalization platform. Additionally, IPCOS will significantly accelerate PA’s growth trajectory, and further strenghten our unique value proposition. We are looking forward to welcoming the IPCOS team to PA.”

“Being part of PA will accelerate IPCOS’ strategy to grow in the area of digital services and in new customer segments by leveraging PA’s extensive technological expertise, global footprint, and customer access,” said Filip Stroobant, CEO of IPCOS.