Novanta Inc - Company Profile

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Novanta Inc: Overview

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Novanta Inc (Novanta), formerly GSI Group Inc, manufactures and markets precision photonics, motion control components and subsystems. The company provides laser products, medical technologies, and precision motion products. It offers laser sources and beam delivery technologies for electronics, industrial, medical, and scientific applications. Novanta’s technology drives various industrial applications such as semiconductor manufacturing, laser materials processing, laser additive manufacturing, robotics, and automation and metrology. The company offers medical technologies under JADAK, NDS Surgical Imaging, and Photo Research brands. Its precision motion products include Applimotion, microe, and Westwind among others. The company serves original equipment manufacturers (OEM) in medical and advanced industrial markets. It operates across the North America, Asia, and Europe. Novanta is headquartered in Bedford, Massachusetts, the US.

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Headquarters United States of America
Address 125 Middlesex Turnpike, Bedford, Massachusetts, 01730-1409
Website www.novanta.com
Telephone 1 781 2665618
No of Employees 2,900
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange NOVT (NASD)
Revenue (2023) $881.7M 2.4% (2023 vs 2022)
EPS XYZ
Net Income (2023) XYZ -1.6% (2023 vs 2022)
Market Cap* $5.4B
Net Profit Margin (2023) XYZ -3.8% (2023 vs 2022)
* As of and is in US$
View Novanta Inc financials
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Products and Services

Products Brands
Photonics Synrad
CO2 Lasers. JADAK
Laser Beam Delivery Components. Cambridge Technology
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Acquisitions/Mergers/Takeovers In January, the company acquired Motion Solutions.
2023 New Products/Services In June, Celera Motion announced a new version of its innovative direct drive motor platform, the Omni+Series.
2023 New Products/Services In March, Celera Motion announced the introduction of the Field Calibration IncOder.
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Competitor Comparison

Key Parameters Novanta Inc Siemens AG Renishaw Plc Allient Inc Electro Scientific Industries Inc
Headquarters United States of America Germany United Kingdom United States of America United States of America
City Bedford Muenchen Wotton Under Edge Amherst Beaverton
State/Province Massachusetts Bayern Gloucestershire New York Oregon
No. of Employees 2,900 321,000 5,175 2,287 667
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
Matthijs Glastra Chief Executive Officer; Chairman Executive Board 2021 54
Robert Buckley Chief Financial Officer Senior Management 2011 48
Peter Chang Controller; Vice President; Chief Accounting Officer Senior Management 2011 -
Sarah Betadam Chief Information Officer; Chief Information Security Officer Senior Management 2021 -
Brian Young Chief Human Resources Officer Senior Management 2016 54
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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