ATS Automation Tooling Systems is a Canadian company based in Cambridge, Ontario, that designs and builds factory automation systems. It is listed on the Toronto Stock Exchange. ATS was founded by Klaus Woerner in 1978. Woerner, who immigrated to Canada from Germany in 1974, ran the company until his death in 2005, overseeing significant growth. In 2007, ATS pulled the planned IPO of its solar division, Photowatt. Partially as a result of this, two hedge funds, Goodwood and Mason Capital Management, led a proxy fight against the firm, leading to the a new board of directors and management team. Anthony Caputo became CEO at this time. Photowatt under-performed significantly in the years that followed; the company eventually sold Photowatt's French operations to EDF Group. More information...
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