# 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.

- Type: Acquisition
- Announced: 2019-03-06
- Where: United States
- Value: $115.0M
- Status: announced
- Products: motion control components for automation equipment
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Novanta](https://endata.com/companies/24684.md) (acquirer)
- [Schneider Electric Motion USA](https://endata.com/companies/37827.md) (target)

## Sources

- [markets.bostonherald.com](http://markets.bostonherald.com/bostonherald/article/bizwire-2021-7-12-novanta-announces-agreement-to-acquire-schneider-electric-motion-usa), 2019-03-06: "Novanta Inc. announced today that it has reached an agreement to acquire Schneider Electric Motion USA for $115 million in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.