ATS Enters Definitive Agreement To Acquire Paxiom Group; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
ATS has entered a definitive agreement to acquire Paxiom Group, a provider of packaging machines in various industries. Paxiom generated $67 million in revenue in 2023 with an adjusted EBITDA margin above 19%. The transaction is expected to close in Q3 2024.
May 15, 2024 | 8:37 pm
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ATS has entered a definitive agreement to acquire Paxiom Group, which generated $67 million in revenue in 2023 with an adjusted EBITDA margin above 19%. The acquisition is expected to close in Q3 2024.
The acquisition of Paxiom Group is likely to positively impact ATS in the short term due to Paxiom's strong revenue and EBITDA margin. The deal will expand ATS's market presence in North America and diversify its customer portfolio.
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