Found in Robotics News & Content, with a score of 48.95
…equipment manufacturers, yesterday said it has agreed to acquire Schneider Electric Motion USA for $115 million in cash. The transaction is expected to close in the third quarter of 2021. “SEM is expected to help our expansion into automation and robotic applications through advanced motion-control solutions,” said Matthijs Glastra, chairperson and CEO of Novanta. “The business is also anticipated to increase Novanta’s exposure to the life sciences and medical end markets while broadening our access to sophisticated automation integrators.” Bedford, Mass.-based Novanta said it combines proprietary technology expertise and competencies in photonics, vision, and precision motion with the ability to…