An ESOP is a federally-qualified ERISA benefit plan that makes employees owners in the company. In 2012, ATI established an Employee Stock Ownership Plan (ESOP). The deal was a win-win for most ATI employees, not just the co-founders and higher-ups. At the time of the acquisition, ATI was expected to generate more than $70 million in sales in 2021. The price could increase if ATI hits certain financial goals in 2021. At less than 8 mm tall, the new six-axis ATI force/torque sensor is designed for smaller automated applications.ĪTI was acquired by Novanta in July 2021 for $172 million in cash. In October 2021, ATI introduced its Mini43LP Force/Torque Sensor that provides high-precision force sensing in a rugged, compact transducer. The QC-29 is compatible with ATI’s large selection of Standard Utility Modules and Tool Stands enabling a vast array of unique configurations ranging from ultrasonic welding to servo motor support and more. | Photo Credit: ATI Industrial Automation
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