Novanta to acquire industrial automation company ATI
Novanta (Bedford, MA), a technology partner to medical and advanced technology equipment manufacturers, has reached an agreement to acquire ATI Industrial Automation (ATI; Apex, NC), a supplier of intelligent end-of-arm technology solutions to original equipment manufacturers (OEMs) for advanced industrial and surgical robots.
ATI develops, manufactures, and sells products such as robotic changing systems, force/torque sensors, and collision sensors for industrial, collaborative, and medical robotic applications.
The acquisition of ATI will add intelligent technology solutions and expand Novanta’s position in mission-critical robotic applications, such as electric vehicle production, medical robotics, and collaborative robotics, says Matthijs Glastra, CEO and Chairman of Novanta. “In addition, the transaction creates a nearly $250 million Precision Motion Segment with significant engineering competency to further accelerate our growth,” Glastra says.
The transaction is expected to close in the third quarter of 2021.