The global site of the UK's leading magazine for automation, motion engineering and power transmission
24 October, 2021

Novanta buys Schneider Electric Motion for $115m

11 October, 2021

Novanta, the US-based industrial conglomerate whose businesses include Celera Motion and ATI Industrial Automation, has bought US-based Schneider Electric Motion for $115m in cash and renamed it Novanta IMS. It specialises in brushless motors, integrated motor drives and electronic controls.

Founded 35 years ago as Intelligent Motion Systems (IMS), the business was acquired by Schneider Electric in 2008 with the aim of strengthening its presence in general motion control market. It has about 60 employees and is headquartered in Marlborough, Connecticut.

Novanta describes the acquisition is “an ideal fit” and predicts that it will create new synergies and opportunities. Novanta IMS will work closely with Celera Motion, which supplies motion control components and subsystems to OEMs in a wide range of medical and advanced industrial markets.

The IMS deal is the latest a string of acquisitions by Novanta. In 2018, it acquired the British encoder manufacturer Zettlex, and the following year it added Ingenia Motion Control, the Spanish developer of servodrives and control software.

“Novanta IMS is an excellent strategic acquisition because it helps us expand into automatic and robotic applications through advanced motion control solutions,” says Novanta’s CEO and chair, Matthijs Glastra. “It’s also increasing opportunities for us in life sciences and medical end-markets, and broadening our access to sophisticated automation integrators.

“Novanta IMS enhances our capabilities in these rapidly-evolving markets, providing even more ways for us to serve our customers with unique, innovative, high-performance solutions,” he adds.

The Schneider Electric Motion portfolio acquired by Novanta includes the Lexium MDrive integrated drives

Novanta IMS’ general manager, Eric Klein says: “We have been committed to developing innovative motion control solutions since we were founded in 1986 as Intelligent Motion Systems, so our new name Novanta IMS is a nod to our roots. We are looking forward to maintaining the same level of consistent support and high-quality products under our new ownership as we have for nearly 40 years.”

Novanta IMSTwitter  LinkedIn  Facebook

Novanta:  Twitter  LinkedIn  Facebook




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

     

Exhibition

Drives Show 2022The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 5-7 April, 2022. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles