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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