For the 2018 calendar year, Comecer is expected to generate revenues of approximately 67 million Euro, with a low double-digit EBITDA margin. In fiscal 2020 (period beginning April 1, 2019), ATS expects adjusted earnings per share accretion in the mid-single digit percentage range as a result of the transaction. Earnings per share are expected to be diluted in the short-term due to the incremental amortization of Order Backlog and other intangible assets as a result of business combination accounting adjustments. Excluding the impact of business combination accounting, the Company expects the return on invested capital associated with this acquisition to achieve double digits by year five post-acquisition.

Integration of Comecer will target revenue synergies and will include the deployment of the ATS Business Model (ABM) which is expected to enable improvements in project management, operations, supply chain management and product life cycle management.

Comecer will continue to be led by its CEO, Alessia Zanelli. "We are very pleased to be joining ATS to continue the next phase of Comecer's growth," said Ms. Zanelli. "By combining ATS and Comecer, we will create a premier player in the radiopharma, pharma and ATMP markets. This will be a tremendous benefit to our customers and a great opportunity for our talented employees. This agreement confirms the potential of our capabilities and will enhance our globally recognized 'made-in-Italy' expertise."

Conference Call and Webcast
At 11:00 a.m. eastern on Wednesday, December 19, 2018, the Company will host a conference call and webcast with slides to discuss the transaction with a follow-up question and answer period with analysts.

The listen-only webcast can be accessed live at www.atsautomation.com. The conference call can be accessed live by dialing (647) 427-7450 ten minutes prior. A copy of the slides accompanying management's remarks are available on the Company's website under Investor Relations – Events.

A replay of the conference call will be available on the ATS website following the call. Alternatively, a telephone recording of the conference call will be available for one week (until December 26, 2018) by dialing (416) 849-0833 and entering the passcode 5491177 followed by number sign.


About ATS
ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services, including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas. Founded in 1978, ATS employs approximately 3,900 people at 21 manufacturing facilities and over 50 offices in North America, Europe, Southeast Asia and China. The Company's shares are traded on the Toronto Stock Exchange under the symbol ATA. Visit the Company's website at www.atsautomation.com.

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