# 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.

- Type: Acquisition
- Announced: 2021-07-09
- Where: Marlborough, Connecticut, United States
- Value: $115.0M
- Jobs: 60
- Status: announced
- Products: motion control components, brushless motors, integrated motor drives
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (partner)
- [ATI Industrial Automation](https://endata.com/companies/17027.md) (target)
- [Novanta](https://endata.com/companies/24684.md) (acquirer)
- [Schneider Electric Motion USA](https://endata.com/companies/37827.md) (target)

## Sources

- [investors.novanta.com](https://investors.novanta.com/news/news-details/2021/Novanta-Announces-Agreement-to-Acquire-Schneider-Electric-Motion-USA/default.aspx), 2021-07-12: "Novanta Inc. announced today that it has reached an agreement to acquire Schneider Electric Motion USA for $115 million in cash."
- [businesswire.com](https://www.businesswire.com/news/home/20210712005129/en/Novanta-Announces-Agreement-to-Acquire-Schneider-Electric-Motion-USA), 2021-07-12: "SEM is expected to help our expansion into automation and robotic applications through advanced motion control solutions."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1076930/000156459021036226/novt-8k_20210709.htm), 2021-07-12: "On July 9, 2021, Novanta Corporation entered into a Stock Purchase Agreement with Schneider Electric Holdings, Inc. to acquire 100% of the shares of Schneider Electric Motion USA, Inc."
- [laserfocusworld.com](https://www.laserfocusworld.com/executive-forum/article/14207201/novanta-to-acquire-industrial-automation-company-ati), 2021-07-20: "The acquisition of ATI will add intelligent technology solutions and expand Novanta’s position in mission-critical robotic applications."

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