# Novanta acquires ATI Industrial Automation for $172 million

Novanta Inc. acquired ATI Industrial Automation for $172 million upfront in cash plus additional contingent payments. ATI supplies end-of-arm technology for industrial and surgical robots, with over 350 employees in North Carolina.

- Type: Acquisition
- Announced: 2021-10-12
- Where: Raleigh, North Carolina, United States
- Value: $172.0M
- Status: completed
- Products: robotic changing systems, force/torque sensors, collision sensors
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [ATI Industrial Automation](https://endata.com/companies/17027.md) (target)
- [Novanta](https://endata.com/companies/24684.md) (acquirer)

## Sources

- [mpo-mag.com](https://www.mpo-mag.com/breaking-news/novanta-acquires-ati-industrial-automation/), 2021-10-12: "ATI is a fantastic business with proprietary intellectual property in attractive and growing markets."

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