M+W Group, one of the world’s leading high-tech engineering companies, has sold its automation business to ATS Automation Tooling Systems, Inc., a Canadian automation specialist.
M+W Group sells its Automation Business
M+W Group’s management decided to sell its automation business as part of a general move towards focusing on its core competencies — engineering and construction. In 2013, automation contributed approximately 170 million euros to the M+W Group’s total revenues of 2.56 billion euros. A number o…