Cambridge-based ATS Automation Tooling Systems Inc. announced Monday that its industrial automation business has received an initial order booking from a global electric vehicle (EV) manufacturer to make fully automated battery assembly systems for their Canadian and U.S. manufacturing operations.
The order is valued at approximately US$70 million or approximately C$90 million at current exchange rates, says a press release from the company.
This initial order is part of a multi-phase enterprise program that includes the design, build, and installation of turnkey battery assembly systems.
"These systems are critical components of the customer's EV strategy, and further entrenches ATS' position as being amongst industry leader in this growing space," says the release.
The order will be recorded in the company's first quarter of fiscal 2023 and is expected to be delivered over the next 18 months.
"This booking allows us to continue to leverage our experience and successful track record in the EV market, and further demonstrates our ability to deliver solutions to meet the needs of customers," said Andrew Hider, CEO of ATS in the release.
"With accelerating customer and consumer demand, we are able to leverage our ATS Business Model and commitment to continuous improvement to evolve and expand our offerings as technology and needs continue to change."
ATS is an industry-leading automation solutions provider to many of the world's most successful companies.
Founded in 1978, ATS employs over 6,000 people at more than 50 manufacturing facilities and over 75 offices in North America, Europe, Southeast Asia and China.