.
MergerLinks Header Logo

Announced

Novanta to acquire Schneider Electric Motion USA for $115m.

Financials

Edit Data
Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Pending

Electronic Components and Equipment

Single Bidder

Private

United States

motion control components

Friendly

Acquisition

Majority

Synopsis

Edit

Novanta, a technology partner to medical and advanced technology equipment manufacturers, agreed to acquire Schneider Electric Motion USA, a manufacturer of motion control components for automation equipment, for $115m. “SEM is expected to help our expansion into automation and robotic applications through advanced motion control solutions. The business is also anticipated to increase Novanta’s exposure to the Life Sciences and Medical end markets while broadening our access to sophisticated automation integrators. The addition of SEM’s technology would expand our precision motion control portfolio, furthering our ability to serve customers with unique, high performance solutions," Matthijs Glastra, Novanta Chief Executive Officer and Chairperson.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US