ATS Corporation (TSX:ATS) entered into a definitive agreement to acquire Avidity Science, LLC for $195 million on September 22, 2023. ATS plans to fund the acquisition with cash and by drawing on its revolving credit facility. The transaction is subject to customary post-closing adjustments, pending completion of customary regulatory filings and is expected to close in the fourth calendar quarter of 2023. Fasken Martineau DuMoulin LLP acted as legal advisor to ATS Corporation. Robert W. Baird & Co. Incorporated acted ad financial advisor to Avidity Science, LLC.

ATS Corporation (TSX:ATS) completed the acquisition of Avidity Science, LLC on November 17, 2023.