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Cft Group passes to Ats, for a company value of 166 million euros

The Canadian company submits a voluntary offer of € 4.60 per share in cash

Automation Tooling Systems (Ats), a Canadian company that designs and builds factory automation systems, will acquire global food and beverage equipment supplier Cft Group - a Parma based company, liste ad Milan Stock Exchange - for a total business value of € 166 million. The Canadian automation solutions provider has submitted a voluntary takeover bid for Cft of € 4.60 per share in cash.Founded in...

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EFA News - European Food Agency