ATS Corporation announced its Industrial Automation business has received Order Bookings for automated battery assembly systems, as part of the continued capacity expansion in North America of an existing global automotive customer. The combined Order Bookings are valued at approximately USD 81.3 million (or approximately CAD 110.5 million at current exchange rates) and are subject to customary conditions. These Order Bookings include the design, build, and installation of turnkey battery assembly systems, and are part of a previously disclosed multi-phase enterprise program.

They will be recorded in the Company's third quarter of fiscal 2023 and are expected to be executed over the next 18-24 months.