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BOC Acquires Precision Cleaning from ATS
July 15, 2003 |Estimated reading time: 1 minute
Cambridge, Ontario, Canada — ATS Automation Tooling Systems Inc. has sold the intellectual property and key operating assets of its Eco-Snow Systems Inc. division to The BOC Group for US $6.4 million as part of a new strategic alliance between the two companies.
As part of the transaction, BOC also entered into a five-year preferred contract equipment manufacturing agreement with ATS that will see ATS continue to develop and manufacture Eco-Snow equipment for various high-volume production applications.
BOC intends to use its global market presence and industry leadership to expand the markets for Eco-Snow, an innovative and proven carbon dioxide (CO2) precision cleaning technology that ATS has applied successfully in a broad range of applications including semiconductor, flat panel displays, photomasks and disk drive manufacturing.
The Eco-Snow team of nine employees, based in Livermore, Calif. will now join BOC and the transition will be completely seamlessly for existing Eco-Snow customers — a key consideration for both BOC and ATS. ATS said the transaction has no impact on its earnings.
Eco-Snow Systems Inc. is a pioneer in the use of state-of-the-art precision surface processing technology for high-tech rigid disk industries, compound semiconductor, photomask repair, flat panel display and MEMS manufacturing applications. For more information, visit www.eco-snow.com.
ATS Automation Tooling Systems Inc. is the industry's leading designer and producer of turn-key automated manufacturing and test systems, which are used primarily by multinational corporations operating in a variety of industries including: automotive, computer/electronics, healthcare and consumer products. For more information, visit www.ats-automation.com.