Novanta acquires Schneider Electric Motion USA and ATI Industrial Automation for $287 million

Novanta, a manufacturer of motion control and robotic components, acquired Schneider Motion Control USA for $115 million and ATI Industrial Automation for about $172 million. The Schneider unit was renamed Novanta IMS.

“SEM and ATI are fantastic businesses which are excellent strategic additions to Novanta, expanding our positions in high growth markets”newpowertechnology.com

• 1 source
• newpowertechnology.comNovanta Acquires Schneider Electric Motion & ATI, Launches Novanta IMS – New Power TechnologyDavid WebsterNov 8, 2021

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