Novanta - M&A Summary and Business Overview

Technology HardwareCompany

Novanta M&A Summary

Novanta has acquired 15 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

Novanta’s largest acquisition to date was in 2008, when it acquired Excel Technology for $360M. It’s largest disclosed sale occurred in 2015, when it sold JK Lasers to SPI Lasers for $32M. Novanta has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include medical products (24%) and technology hardware (24%).

Novanta Business Overview

Where is Novanta headquartered?

Novanta is headquartered in Bedford, Massachusetts.

What is Novanta’s revenue?

Novanta disclosed revenue of 707M USD for 2021 and 591M USD for 2020.

How many employees does Novanta have?

Novanta has 2,700 employees.

What sector is Novanta in?

Novanta is a technology hardware company.

When was Novanta founded?

Novanta was founded in 1968.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity13
    • M&A Sell Activity4
  • Total Sectors Invested 8
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 10
  • M&A Advisors 5

Novanta

Novanta, Inc.

125 Middlesex Turnpike,
Bedford, Massachusetts 01730
United States,
(781) 266-5700
www.novanta.com

Novanta is a manufacturer of of core technology solutions that give advanced industrial and healthcare OEMs a competitive advantage. Novanta was founded in 1968 and is based in Bedford, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 10 - 2 - 1 - 13
vol $697M $287M $189M $1.2B
Sell (0.0/yr) # 4 - - - - - 4
vol $53M $53M
  17

Most Recent M&A

Company Date Value Type
Bearing Engineers, Inc. 2023-11-14 189M USD Add-on Acquisition
Aliso Viejo, California · www.motionsolutions.com
ATI Industrial Automation, Inc. 2021-07-19 172M USD Add-on Acquisition
Apex, North Carolina · www.ati-ia.com
Schneider Electric Motion USA, Inc. 2021-07-12 115M USD Divestiture
Marlborough, Connecticut · www.motion.schneider-electric.com
Laser Quantum 2018-10-02 - Stake Purchase
Cheshire, United Kingdom · www.laserquantum.com
Zettlex Holdings Ltd. 2018-05-03 - Add-on Acquisition
Cambridge, United Kingdom · www.zettlex.com
World of Medicine GmbH 2017-06-06 130M EUR Add-on Acquisition
Berlin, Germany · www.world-of-medicine.com
ThingMagic, Inc. 2017-01-05 20M USD Divestiture
Woburn, Massachusetts · www.thingmagic.com
Reach Technology, Inc. 2016-05-18 - Add-on Acquisition
Fremont, California · www.reachtech.com
Lincoln Laser Co. 2015-11-04 11M USD Add-on Acquisition
Phoenix, Arizona · www.lincolnlaser.com
JK Lasers Ltd. 2015-04-15 32M USD Divestiture
Rugby, United Kingdom · www.jklasers.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 2 (15%) 115M (10%) 3 (75%) 53M (100%)
Medical Products 3 (23%) 223M (19%) - -
Technology Hardware 3 (23%) 20M (2%) - -
Semiconductors 1 (8%) - 1 (25%) -
Distribution 1 (8%) 189M (16%) - -
Electronics 1 (8%) 360M (31%) - -
Information Technology 1 (8%) 94M (8%) - -
Manufacturing 1 (8%) 172M (15%) - -
Total 13 $1.2B 4 $53M

By Geo

State/Country Buy Value Sell Value
United States 9 1.0B 3 21M
  California 3 272M 2 21M
  New York 2 454M - -
  Massachusetts 1 20M 1 -
  North Carolina 1 172M - -
  Connecticut 1 115M - -
  Arizona 1 11M - -
United Kingdom 3 - 1 32M
Germany 1 130M - -
Domestic 9 (69%) 1.0B (89%) 3 (75%) 21M (40%)
Cross-border 4 (31%) 130M (11%) 1 (25%) 32M (60%)
Total 13 $1.2B 4 $53M

Top M&A Advisors

Financial Deals
C.W. Downer & Co.
1
UBS Investment Bank
1
Headwaters MB
1

Deal Values

buy # Total
$100M to $1B 5 $966M
< $100M 4 $207M
TOTAL $1.2B
Largest Excel Technology, Inc.
$360M (2008-07-10)
sell # Total
< $100M 2 $53M
TOTAL $53M
Largest JK Lasers Ltd.
$32M (2015-04-15)

M&A Connections

Deals
Acquired from
Investor(s)
15%
2 (15%)
Strategic(s)
15%
2 (15%)
Divested to
Strategic(s)
100%
4 (100%)

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