Novanta Acquires ATI Industrial Automation
July 19, 2021
Novanta Inc. agreed to acquire ATI Industrial Automation for $172 million in upfront cash plus contingent payments and performance stock units; the deal was expected to close in Q3 2021. ATI, headquartered near Raleigh, North Carolina, supplies robotic end-of-arm tooling, force/torque sensors, and collision sensors to industrial and medical OEMs and will expand Novanta's capabilities in mission-critical robotic applications.
- Buyers
- Novanta Inc.
- Targets
- ATI Industrial Automation
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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