Novanta to Acquire Schneider Electric Motion USA for $115 Million

Novanta Inc. Acquires Motion Solutions

November 14, 2023

Manufacturing

Novanta Inc. has agreed to acquire Motion Solutions for $189 million in cash, a provider of high-precision, customized motion subsystems and components for medical, life sciences, and advanced industrial OEMs. The acquisition (completed) expands Novanta's capabilities and presence in precision medicine, lab automation, medical robotics and related end markets; Motion Solutions is headquartered in Irvine, California and has over 110 employees and expected 2023 revenue of ~$85 million.

Schneider Electric Acquires 75% Stake in Motivair Corp

October 17, 2024

Industrial Services

Schneider Electric has acquired a 75% stake in Buffalo-based liquid-cooling specialist Motivair Corp in an all-cash transaction reported at $850 million. Schneider has an option to buy the remaining 25% by 2028; the move expands Schneider’s data-center thermal management capabilities and completes its planned data-center acquisitions for the near term.

Novanta Acquires ATI Industrial Automation

July 19, 2021

Manufacturing

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.

nVent Electric Acquires ECM Industries for $1.1 Billion

May 18, 2023

Industrial Services

nVent Electric plc entered into a definitive agreement to acquire ECM Industries, LLC from ECM Investors, LLC (the parent of ECM Industries) for $1.1 billion, subject to customary adjustments. The acquisition was expected to close in Q2 2023 and integrate ECM Industries into nVent’s Electrical and Fastening Solutions business segment.

Nineth Street Capital Partners to Acquire SwiftMotion Inc

October 6, 2022

Healthcare Services

SwiftMotion Inc, a provider of ergonomic and safety risk assessment systems, has signed a definitive agreement to be acquired by Nineth Street Capital Partners. The deal is expected to close by October 2022, and the parties expect the acquisition to expand the FUZE product’s reach and accelerate further development using advanced technology.

PHINIA Acquires Swedish Electromagnet Invest (SEM)

August 1, 2025

Industrial Services

PHINIA has completed the acquisition of Swedish Electromagnet Invest AB (publ) (SEM) for $47 million (452 million Swedish krona). SEM provides advanced natural gas, hydrogen and alternative-fuel ignition systems, injector stators, and linear position sensors for commercial vehicle and industrial markets.