Novanta Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Matthijs Glastra
- Full Time Employees
- 3,000
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Address
- 125 Middlesex Turnpike Bedford MA United States of America 01730
- IPO Date
- Mar 24, 1999
- CIK
- 0001076930
- Website
- novanta.com
- Similar Companies
- Business
- Novanta Inc. (Nasdaq: NOVT), headquartered in Bedford, Massachusetts and incorporated in 1968 as General Scanning Inc., designs, manufactures and markets core technology solutions that enable original equipment manufacturers in medical and advanced industrial markets to achieve competitive advantages through extreme precision and performance; the company combines proprietary expertise in precision medicine, precision manufacturing, robotics and automation, and advanced surgery. Its Automation Enabling Technologies segment offers laser beam delivery components and solutions such as galvanometers and polygon scanners from Cambridge Technology, CO2, solid-state and ultrafast lasers from Synrad and Laser Quantum, optical and inductive encoders from Celera Motion and Zettlex, precision motors and integrated stepper motors from Celera Motion, Applimotion and IMS, servo drives and motion control solutions from Celera Motion and Ingenia, intelligent robotic end-of-arm tooling including tool changers, force-torque sensors and material removal tools from ATI Industrial Automation, and air bearing spindles from Westwind, serving applications in advanced industrial processes, robotics, medical laser procedures and life science automation; the Medical Solutions segment provides medical insufflators, endoscopic pumps and disposables from WOM, video processing and streaming from NDS and Med X Change, touch panel displays from Reach Technology, machine vision technologies from JADAK, RFID and barcode identification technologies from JADAK and ThingMagic, thermal chart recorders from JADAK, light and color measurement devices from Photo Research, laser beam delivery solutions from Laser Quantum, and advanced motion control solutions from Motion Solutions, targeting minimally invasive surgery, medical imaging, diagnostics and industrial vision systems. Novanta operates globally with manufacturing facilities and sales offices across North America, Europe and Asia-Pacific, employing approximately 3,000 people and serving OEM customers in diverse industries including healthcare, life sciences, semiconductor manufacturing, industrial robotics and advanced automation. Recent developments include the January 2024 acquisition of Motion Solutions Parent Corp. for $192 million to enhance precision motion offerings in medical applications, a realignment of reportable segments in the fourth quarter of 2024 to Automation Enabling Technologies and Medical Solutions, completion of a $550 million tangible equity units offering in November 2025 to repay debt, fund acquisitions and support working capital, and expansion of its share repurchase program by $200 million.
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