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Stock impact report

Novanta announces agreement to acquire Motion Solutions [Yahoo! Finance]

Novanta Inc. - Common Shares (NOVT) 
Last novanta inc. - common shares earnings: 2/26 06:59 am Check Earnings Report
US:NASDAQ Investor Relations: investors.novanta.com
Company Research Source: Yahoo! Finance
and advanced technology equipment manufacturers, announced today that it has entered into a definitive agreement to acquire Motion Solutions, a leading provider of highly engineered integrated solutions, for cash consideration of $189 million, subject to customary purchase price adjustments and closing conditions, including applicable regulatory approvals. Motion Solutions is a trusted engineering partner to market-leading original equipment manufacturers ("OEMs") in medical, life sciences, and advanced industrial applications. Motion Solutions designs and manufactures high-precision, customized subsystems and components, specializing in proprietary precision motion and advanced motion control solutions. The business has over 110 employees and is headquartered in Irvine, California. "Motion Solutions is an exciting business with intelligent subsystem competencies within attractive medical and precision medicine markets," said Matthijs Glastra, Chair and Chief Executive Officer of Show less Read more
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