ATS completed the acquisition of Paxiom.

ATS, an automation solutions provider, completed the acquisition of Paxiom, a provider of primary, secondary, and end-of-line packaging machines in the food and beverage, cannabis, and pharmaceutical industries. Financial terms were not disclosed. “With a dynamic product mix and a growing global footprint, Paxiom will be a great addition to ATS. As we seek to expand our presence in regulated markets, such as food and beverage and life sciences, the strong reputation and sophisticated offerings that Paxiom brings to market will provide both organic and synergistic opportunities for growth with an accretive margin profile,” Andrew Hider, ATS Chief Executive Officer.