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M&A Deal Summary

Novanta Acquires Reach Technology

On May 18, 2016, Novanta acquired technology hardware company Reach Technology

Acquisition Highlights
  • This is Novanta’s 1st transaction in the Technology Hardware sector.
  • This is Novanta’s 5th transaction in the United States.
  • This is Novanta’s 2nd transaction in California.

M&A Deal Summary
Date 2016-05-18
Target Reach Technology
Sector Technology Hardware
Buyer(s) Novanta
Deal Type Add-on Acquisition
Advisor(s) Woodbridge International (Financial)

Target

Reach Technology

Fremont, California, United States
Reach Technology, Inc. is a specializes in embedded display panel technologies that deliver high-performance touch screen solutions for OEMs with a focus on medical applications.

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Buyer(S) 1

Buyer

Novanta

Bedford, Massachusetts, United States
Category Company
Founded 1968
Sector Technology Hardware
Employees3,000
Revenue 949M USD (2024)
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 6 of 13
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 6 of 10
State (California) 2 of 3
Country (United States) 5 of 9
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Lincoln Laser

Phoenix, Arizona, United States

Lincoln Laser Co. is a provider of ultrafast precision polygon scanners and other optical scanning solutions. It develops, manufacturers and supplies scanning components, spindles, optics and Electro Optic modules, while maintaining high quality standards with exceptional customer service.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 ThingMagic

Woburn, Massachusetts, United States

ThingMagic, Inc. is a developer of radio frequency identification (RFID) technology and offers advanced development services to facilitate the integration of RFID into a wide range of applications. ThingMagic has developed products for demanding high-volume applications with a reputation for consistently exceeding client expectations with its consulting and design services to create solutions for challenging applications.

Buy $20M
Mergr

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