EuroWire November 2019

Corporate News

ATS rises under new ownership

AUTOMAZIONI Industriali Capitanio (AIC) has acquired Applicazioni Tecnologiche Siderurgiche SpA (ATS), a producer of machines for long product hot rolling mills, located in Trasaghis, Italy. The acquired assets include know-how, designs, brands, buildings, equipment and warehouses in addition to other strategic technical possessions. ATS has been operating since 1993. Over the years, the company has established itself as a service company for steel and rolled product manufacturers around the world due to the production of machines with personalised settings based on individual customer needs. In particular, tying machines for bundles and packages have reached a high level of customer satisfaction and become a dependable product in the market, according to ATS. After the bankruptcy procedure initiated by ATS in October 2018, AIC intends to resume operational activity through a more dynamic and flexible structure. A new company provides an opportunity for AIC to meet the needs of customers and to

Tying machines from ATS

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name ATS Mechatronics Srl and will have its registered office in Trasaghis, Italy. Automazioni Industriali Capitanio – Italy Website : www.aicnet.it

offer tying machines through the existing network, which has a direct presence in the USA, Brazil and India, as well as representatives in many other countries. The new entity will operate under the

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November 2019