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Novanta to acquire Schneider Electric Motion USA for $115 million · Endata

◂ Announcements

Mar 6, 2019ACQUISITIONUnited States

Novanta to acquire Schneider Electric Motion USA for $115 million

Novanta Inc. has reached an agreement to acquire Schneider Electric Motion USA (Intelligent Motion Systems) for $115 million in cash. The transaction is expected to close in the third quarter of 2021.

Value

$115.0M

Status

Announced

Productsmotion control components for automation equipment

CompaniesNovanta acquirer Schneider Electric Motion USA target

Sectors#Automation and Robotics

“Novanta Inc. announced today that it has reached an agreement to acquire Schneider Electric Motion USA for $115 million in cash.”markets.bostonherald.com

1 source
markets.bostonherald.comBoston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - Novanta Announces Agreement to Acquire Schneider Electric Motion USAAssociated PressMar 6, 2019

Summarized from public sources; check the original articles before acting on it.

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