Zuellig Industrial (ZI) announces it has entered into a definitive agreement to divest the ZI-ARGUS business in Thailand, Indonesia and Australia to Automation Tooling Systems Inc. (ATS), a Canadian listed group. The financial terms of the transaction have not been disclosed. ZI-ARGUS will join Process Automation Solutions (PAS), a wholly owned subsidiary of ATS, which is headquartered in Ludwigshafen, Germany. The transaction is dependent upon certain closing conditions and the ZI-ARGUS business will operate as normal until closing.
“Together, the combined organization will create a global footprint, allowing it to become the leading global independent integrator. Both parties are excited for the transaction and I wish the future PAS-ARGUS organization every success.” said Allan Vich Nivatvongs, CEO of Zuellig Industrial.
“ZIA provides us with a proven platform to serve domestic and global customers in industries that are strategic to us and in geographic regions that are highly complementary to our existing footprint,” said Dr. Christian Debus, President of PA. “Additionally, ZIA’s extensive technical capabilities will enhance PA’s digitalization business, which is experiencing significant demand as customers seek to take full advantage of IIoT and smart factory advancements. We welcome ZIA’s experienced team to PA.”
ZI-ARGUS was founded almost 3 decades ago and headquartered in Bangkok, Thailand. ZI-ARGUS, a leading independent system integrator in the ASEAN and Australia region, provides total solutions in process control, automation, engineering, process consultancy and plant optimization from 9 locations across Asia-Pacific. Visit the company’s website at www.zi-argus.com for more details.
About Process Automation Solutions
Process Automation Solutions GmbH is one of the leading, manufacturer-independent suppliers of complete automation solutions for the process, manufacturing, and automotive industries. As a strong partner, PA's 1,400 automation experts in Europe, America and Asia support their customers during all phases of automation from planning to implementation and commissioning – and if desired, throughout the entire lifecycle of the plant through aftersales service. For more information please visit PA's website at www.pa-ats.com.
About Automation Tooling Systems Inc.
ATS is an industry-leading automation solutions 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 pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, transportation, consumer products and energy. Founded in 1978, ATS employs over 6,000 people at more than 50 manufacturing facilities and over 75 offices in North America, Europe, Southeast Asia and China. For more information please visit ATS’s website at www.atsautomation.com.
This news release contains certain statements that may constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements included in this news release are only provided to understand management's current expectations relating to future periods and, as such, are not appropriate for any other purpose. ZI does not undertake any obligation to update forward-looking statements contained herein other than as required by law.