81.9 F
Laguna Hills
Thursday, Jul 18, 2024
-Advertisement-

Novanta Agrees to Acquire Irvine-Based Motion Solutions for $189M

Motion Solutions is an engineering partner to OEMs

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.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-