Novanta Inc. (Nasdaq: NOVT), a Massachusetts-based medical equipment manufacturer, said it has entered into a definitive agreement to acquire subsystem and component maker Motion Solutions of Irvine for $189 million in cash.
Motion Solutions is an engineering partner to original equipment manufacturers in medical, life sciences, and advanced industrial applications.
The Irvine-based company has more than 110 employees.
The acquisition is subject to customary purchase price adjustments and closing conditions, including applicable regulatory approvals.
