ATS Corp., an automation services provider, is purchasing Avidity Science LLC, a designer and manufacturer of automated water purification services for biomedical and life science applications for $195 million.
Founded in 1969 and based in Waterford, Wis., Avidity offers automated watering systems for environments where strict variable controls and integrity are crucial. It serves a customer base of pharmaceutical, biopharma, healthcare, government and academic research facilities. Avidity employs approximately 380 professionals across six facilities in the United States, United Kingdom, China and Japan.
“This acquisition will bolster our value proposition for both new and existing customers, in addition to aligning well with other accretive acquisitions we have made,” says Prakash Mahesh, group executive for ATS Life Sciences. “It also supports our ATS Life Sciences purpose of positively impacting the quality of life for billions of people around the world.”