ATS Automation Tooling Systems Inc. announced its Industrial Automation business has received an initial Order Booking from an existing global automotive customer towards fully automated battery assembly systems for their Canadian and U.S. manufacturing operations. The order is valued at approximately USD 70 million (or approximately CAD 90 million at current exchange rates). This initial order is part of a multi-phase enterprise program that includes the design, build, and installation of turnkey battery assembly systems. These systems are critical components of the customer's electric vehicle (EV) strategy, and further entrenches ATS' position as being amongst industry leader in this growing space.

The Order Booking will be recorded in the Company's first quarter of fiscal 2023 and is expected to be delivered over the next 18 months.