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

◂ Announcements

Jul 9, 2021ACQUISITIONMarlborough, Connecticut, United States

Novanta to acquire Schneider Electric Motion USA for $115M

Novanta Inc. announced an agreement to acquire Schneider Electric Motion USA for $115 million in cash. The transaction is expected to close in the third quarter of 2021.

Value

$115.0M

Jobs

60

Status

Announced

Productsmotion control componentsbrushless motorsintegrated motor drives

CompaniesSchneider Electric partner ATI Industrial Automation target Novanta 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.”investors.novanta.com

4 sources
investors.novanta.comNovanta Inc. - Novanta Announces Agreement to Acquire Schneider Electric Motion USAJul 12, 2021
businesswire.comNovanta Announces Agreement to Acquire Schneider Electric Motion USANovanta Inc.Jul 12, 2021
sec.govNOVANTA INC Form 8-K filed July 12, 2021Jul 12, 2021
laserfocusworld.comNovanta to acquire industrial automation company ATI | Laser Focus WorldJul 20, 2021

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

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