Novanta Completes Acquisitions of SEM and ATI and Updates Financial Guidance

BEDFORD, Mass.--(BUSINESS WIRE)-- Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that it has completed the acquisitions of Schneider Electric Motion USA Inc. (“SEM”) and ATI Industrial Automation Inc. (“ATI”). "SEM and ATI are fantastic businesses which are excellent strategic additions to Novanta, expanding our positions in high growth markets,” said Matthijs Glastra, Chairperson and CEO of Novanta. “With the addition of these businesses to our Precision Motion segment, we now offer some of the most sophisticated technology solutions available in the precise motion and robotics space. We are excited to collaborate with the SEM and ATI teams, with their talent, expertise, and unique capabilities. Also, with the transactions closed, Novanta is now able to give revised full year financial guidance.” Read full press release here