ATS Corporation announced its Industrial Automation business has received additional Order Bookings for automated battery assembly systems, as part of the planned capacity expansion in North America of an existing global automotive customer. The combined Order Bookings are valued at approximately USD 119.9 million (or approximately CAD 163.1 million at current exchange rates) and are subject to customary conditions. These Order Bookings are part of a previously disclosed multi-phase enterprise program that includes the design, build, and installation of turnkey battery assembly systems. They will be recorded in the Company's fourth quarter of fiscal 2023 and are expected to be executed over the next 18-24 months.
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