ATM Automation Tooling Systems acquired 45% stake in Commerce from Principia.

ATS Automation Tooling Systems, an industry-leading automation solutions provider, announced it has entered into a definitive agreement to acquire Comecer, a leader in the design, engineering, manufacture and servicing of advanced aseptic containment and processing systems for the nuclear medicine and pharmaceutical industries. The total cash purchase price for the acquisition will be $128.77m. “Comecer is a proven, high-quality business that brings new and complementary capabilities, customer relationships and specialized talent to ATS. Its addition will strengthen our customer offering in both pharma and biopharma, while adding an innovative new platform in radiopharmaceuticals. These are growing markets with desirable characteristics including stringent quality standards and regulations and where there is a high consequence of failure. We look forward to welcoming Comecer to the ATS family.” Andrew Hider, ATS CEO.