M&A Deal Summary

Novanta Acquires ATI Industrial Automation

On July 19, 2021, Novanta acquired manufacturer ATI Industrial Automation for 172M USD

Acquisition Highlights
  • This is Novanta’s 1st transaction in the Manufacturing sector.
  • This is Novanta’s 3rd largest (disclosed) transaction.
  • This is Novanta’s 8th transaction in the United States.
  • This is Novanta’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-07-19
Target ATI Industrial Automation
Sector Manufacturing
Buyer(s) Novanta
Deal Type Add-on Acquisition
Deal Value 172M USD
Advisor(s) Harris Williams (Financial)

Target

ATI Industrial Automation

Apex, North Carolina, United States
ATI Industrial Automation is a provider of intelligent end-of-arm technology solutions to original equipment manufacturers ("OEMs") for advanced industrial and surgical robots. ATI develops, manufactures, and sells products such as robotic changing systems, force/torque sensors, and collision sensors for industrial, collaborative, and medical robotic applications. ATI Industrial Automation was founded in 1989 and is based in Apex, North Carolina.

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Buyer(S) 1

Buyer

Novanta

Bedford, Massachusetts, United States
Category Company
Founded 1968
Sector Technology Hardware
Employees2,900
Revenue 882M USD (2023)
DESCRIPTION

Novanta is a provider of core technology solutions that give medical and advanced industrial original equipment manufacturers a competitive advantage. The Company combines deep proprietary technology expertise and competencies in precision medicine and manufacturing, medical solutions, and robotics and automation with a proven ability to solve complex technical challenges. Novanta was founded in 1968 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 12 of 13
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 9 of 10
State (North Carolina) 1 of 1
Country (United States) 8 of 9
Year (2021) 2 of 2
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Schneider Electric Motion USA

Marlborough, Connecticut, United States

Schneider Electric Motion USA is a manufacturer of motion control components for automation equipment. Schneider Electric Motion USA's innovative motion control solutions, specifically around brushless motor technology, integrated motor drives, and electronic controls. Schneider Electric Motion USA was founded in 1986 and is based in Marlborough, Connecticut.

Buy $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Motion Solutions

Aliso Viejo, California, United States

Motion Solutions is an engineering focused, a value-added distributor of linear motion and motion control solutions for a variety of end markets, including medical device, life sciences, technology, aerospace & defense, and general industrial & automation. Motion Solutions was founded in 1956 and is based in Aliso Viejo, California.

Buy $189M
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