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 (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 (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 […]