Novanta announced today that it partnered with MassRobotics to collaborate on innovations in medical and surgical robotics. Bedford, Massachusetts-based Novanta’s Celera Motion and ATI Industrial Automation business units will collaborate with MassRobotics on the innovations under the agreement. Celera Motion develops motion control components and subsystems for OEMs in medical and advanced industrial markets. Through […]
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Novanta to acquire Arges
Novanta (Boston) today announced that it is acquiring Germany-based Arges for an undisclosed amount. Arges makes intelligent subsystems for positioning and deflecting laser beams for medical materials processing applications, according to the company. Get the full story on our sister site, Medical Design & Outsourcing.
Novanta nearly doubles earnings in Q3
Novanta (Nasdaq: NOVT) saw its stock shoot up 20% in value this morning after announcing that it nearly doubled its profits in the third quarter, a set of results that beat Wall Street expectations. Bedford, Mass.–based Novanta – which provides photonics, vision and precision motion technologies to medical equipment makers and advanced manufacturers – earned $14.6 […]
Novanta spends nearly $46 million on rest of Laser Quantum
Novanta (Nasdaq: NOVT) has spent nearly $46 million to buy the remaining 24% of Laser Quantum, which supplies solid-state continuous wave lasers, femtosecond lasers and optical light engines to medical market OEMs. Novanta (Bedford, Mass.) previously increased its equity stake in Lasser Quantum (Machester, U.K.) to 76% in January 2017. Get the full story on our sister […]