ATS Corp, a leading provider of scientific research and laboratory solutions, has recently announced its acquisition of Avidity Science. The acquisition, which is backed by ShoreView Industries, a private equity firm, is valued at an impressive $195 million. This strategic move is expected to strengthen ATS Corp’s position in the market and expand its product offerings.
Avidity Science, headquartered in Waterford, Wisconsin, is a global leader in providing water purification systems and laboratory equipment to the life sciences industry. The company specializes in delivering high-quality products that meet the stringent requirements of scientific research and laboratory applications. With a strong customer base and a reputation for excellence, Avidity Science has become a trusted name in the industry.
The acquisition of Avidity Science by ATS Corp is a significant milestone for both companies. It allows ATS Corp to broaden its product portfolio and offer a comprehensive range of solutions to its customers. By combining their expertise and resources, the two companies can leverage their strengths and create synergies that will drive growth and innovation.
ATS Corp has been a key player in the scientific research and laboratory solutions market for over two decades. The company provides a wide range of products and services, including laboratory equipment, consumables, and technical support. With a focus on delivering cutting-edge solutions that enhance research capabilities, ATS Corp has built a strong reputation for quality and reliability.
ShoreView Industries, the private equity firm backing this acquisition, has a proven track record of supporting successful companies in various industries. With their financial expertise and strategic guidance, ShoreView Industries aims to help ATS Corp and Avidity Science achieve their growth objectives and maximize their potential.
The acquisition of Avidity Science aligns with ATS Corp’s long-term growth strategy. By expanding its product offerings, the company can better serve its customers’ evolving needs and stay ahead of the competition. Additionally, the acquisition provides ATS Corp with access to Avidity Science’s extensive customer base, allowing for cross-selling opportunities and increased market penetration.
Both ATS Corp and Avidity Science are committed to delivering exceptional customer service and innovative solutions. With their shared values and complementary capabilities, the two companies are well-positioned to drive growth and create value for their stakeholders.
The $195 million acquisition is expected to be completed in the coming months, pending regulatory approvals and customary closing conditions. Once finalized, ATS Corp will integrate Avidity Science into its operations, leveraging its expertise and resources to enhance its product offerings and expand its market reach.
In conclusion, the acquisition of Avidity Science by ATS Corp is a significant development in the scientific research and laboratory solutions industry. This strategic move will strengthen ATS Corp’s position in the market, expand its product portfolio, and create new growth opportunities. With the backing of ShoreView Industries, ATS Corp is well-equipped to capitalize on this acquisition and deliver even greater value to its customers.
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- Source Link: https://zephyrnet.com/ats-corp-to-acquire-shoreview-backed-avidity-science-for-195m-pe-hub/
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