M&A Deal Summary

Novanta Acquires ThingMagic

On January 5, 2017, Novanta acquired technology hardware company ThingMagic from Trimble for 20M USD

Acquisition Highlights
  • This is Novanta’s 2nd transaction in the Technology Hardware sector.
  • This is Novanta’s 8th largest (disclosed) transaction.
  • This is Novanta’s 6th transaction in the United States.
  • This is Novanta’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-01-05
Target ThingMagic
Sector Technology Hardware
Buyer(s) Novanta
Sellers(s) Trimble
Deal Type Divestiture
Deal Value 20M USD

Target

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.

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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 7 of 13
Sector (Technology Hardware) 2 of 3
Type (Divestiture) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 6 of 9
Year (2017) 1 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 World of Medicine

Berlin, Germany

World of Medicine GmbH is an original equipment manufacturer ("OEM") of regulatory controlled medical insufflators, pumps, and related disposables for the minimally invasive surgical market.

Buy €115M

Seller(S) 1

SELLER

Trimble

Westminster, Colorado, United States
Category Company
Founded 1978
Sector Information Technology
Employees12,700
Revenue 3.8B USD (2023)
DESCRIPTION
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.

Trimble is a provider of location-based solutions. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide an array of commercial solutions. Trimble's technology serves a variety of industries including agriculture, engineering and construction, transportation and wireless communications infrastructure. Trimble was founded in 1978 and is based in Westminster, Colorado.

DEAL STATS #
Overall 5 of 18
Sector (Technology Hardware) 1 of 5
Type (Divestiture) 5 of 18
State (Massachusetts) 1 of 2
Country (United States) 5 of 17
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Building Data

Rocklin, California, United States

Building Data LLC is a provider of content and software solutions enable Mechanical, Electrical and Plumbing (MEP) contractors and engineers to produce intelligent, constructible models by including manufacturing-specific content from a proprietary database of over 6 million 3D data components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Beena Vision Systems

Norcross, Georgia, United States

Beena Vision Systems, Inc. is a manufacturer of vision-based automatic wayside inspection systems for the railroad industry using sophisticated machine vision and non-contact measurement technologies. These products are specifically designed to provide valuable information to effectively assess train components and track safety conditions.

Buy -
Mergr

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