Novanta acquires Schneider Electric Motion for $115M, renames it Novanta IMS

Technology firm Novanta acquired motion-control component maker Schneider Electric Motion for $115 million in cash and renamed it Novanta IMS. Strategic corporate acquisition in industrial automation/motion control, not a home-service trade roll-up.

“Novanta officially acquired Schneider Electric Motion for $115 million in cash in August and then decided to rename the company.”

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