M&A Deal Summary

Novanta Acquires Excel Technology

On July 10, 2008, Novanta acquired electronics company Excel Technology for 360M USD

Acquisition Highlights
  • This is Novanta’s 1st transaction in the Electronics sector.
  • This is Novanta’s largest (disclosed) transaction.
  • This is Novanta’s 1st transaction in the United States.
  • This is Novanta’s 1st transaction in New York.

M&A Deal Summary
Date 2008-07-10
Target Excel Technology
Sector Electronics
Buyer(s) Novanta
Deal Type Add-on Acquisition
Deal Value 360M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Excel Technology

East Setauket, New York, United States
Excel Technology Inc. (East Setauket, NY), producer of laser systems and electro-optical parts.

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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 2 of 13
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (New York) 1 of 2
Country (United States) 1 of 9
Year (2008) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-10 General Optics

Moorpark, California, United States

General Optics, Inc. is a manufacturer of ultra-high quality optical components and coatings for the aerospace and defence sector. The company also serves the telecommunications, semiconductor, metrology, biomedical and research markets, and is a leading supplier of ring laser gyroscope mirrors and frames to manufacturers of inertial navigation systems.

Sell $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 NDS Surgical Imaging

San Jose, California, United States

NDS Surgical Imaging is a manufacturer of flat-panel Liquid Crystal Display (“LCD”) screens for medical applications. The company’s screens are used in conjunction with endoscopy systems primarily for minimally invasive surgery in the operating room and for diagnostic imaging on the radiology side.

Buy $83M
Mergr

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