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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.
Novanta Inc. reached an agreement to acquire ATI Industrial Automation for $172 million upfront in cash plus contingent payments, expected to close in Q3 2021.
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.
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.