Novanta to draw on revolver for Motion Solutions purchase

By Sara Rosenberg

New York, Nov. 14 – Novanta Inc. plans to use borrowings under its revolving credit facility and available cash to fund its acquisition of Motion Solutions for $189 million, according to a news release.

Novanta is a Bedford, Mass.-based supplier of core technology solutions that give medical and advanced industrial original equipment manufacturers a competitive advantage. Motion Solutions is an Irvine, Calif.-based provider of highly engineered integrated solutions in medical, life sciences, and advanced industrial applications.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.