Mr. David Galison reports

ATS COMPLETES ACQUISITION OF PAXIOM

ATS Corp. has completed its acquisition of Paxiom Group, a provider of primary, secondary and end-of-line packaging machines in the food and beverage, cannabis, and pharmaceutical industries. ATS entered into a definitive agreement and announced its intention to acquire Paxiom on May 15, 2024.

About ATS Corp.

ATS is an industry-leading automation solution 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 solutions, including preautomation and after-sales services, to address the sophisticated manufacturing automation system and service needs of multinational customers in markets such as life sciences, transportation, food and beverage, consumer products, and energy. Founded in 1978, ATS employs over 7,000 people at more than 65 manufacturing facilities and over 85 offices in North America, Europe, Southeast Asia and Oceania. The company's common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ATS.