Novanta to acquire ATI for $172m.

Novanta, a technology partner to medical and advanced technology equipment manufacturers, agreed to acquire ATI, a supplier of intelligent end-of-arm technology solutions to original equipment manufacturers, for $172m. "ATI is a fantastic business with proprietary intellectual property in attractive and growing markets. The business adds intelligent technology solutions and expands Novanta’s position in mission critical robotic applications, such as electric vehicle production, medical robotics, and collaborative robotics. In addition, the transaction creates a nearly $250m Precision Motion Segment with significant engineering competency to further accelerate our growth," Matthijs Glastra, Novanta CEO and Chairman.