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

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.