05:44 PM EDT, 08/07/2024 (MT Newswires) -- ATS (ATS) said late Wednesday it has agreed to acquire all material assets from Heidolph Instruments and Hans Heidolph.

Heidolph makes lab equipment for the life sciences and pharmaceutical industries. In its fiscal year ended March 31, Heidolph generated about 50 million euros ($54.6 million) in revenue, ATS said.

The purchase price represented a valuation multiple accretive to its current multiple, ATS said. It expects to close the deal in Q3.

Price: 27.27, Change: +0.01, Percent Change: +0.02