XNAS
NOVTU
Market cap5.41bUSD
Jul 09, Last price
64.83USD
1D
2.48%
1Q
15.44%
Name
Novanta Inc
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Profile
Novanta Inc. is a global technology company specializing in the development, production, and distribution of advanced photonics, vision, and precision motion components and sub-systems. These highly engineered solutions are supplied to Original Equipment Manufacturers (OEMs) across the medical and industrial sectors worldwide. Its Photonics division delivers a comprehensive suite of laser-based technologies, including sophisticated laser scanning and beam delivery systems, alongside various laser types such as CO2, solid-state, and ultrafast lasers, as well as optical light engines. These photonics solutions are crucial for diverse applications like industrial processing, precision metrology, medical and life science imaging, DNA sequencing, and specialized medical laser interventions. The Vision segment offers an array of medical-grade technologies. These encompass medical insufflators, pumps, and associated disposable products; advanced visualization systems; wireless communication and video recording solutions, often integrated into operating room setups; optical data capture and machine vision capabilities; radio-frequency identification (RFID) technologies; thermal chart recording devices; spectrometry tools; and integrated touchscreen displays. Furthermore, its Precision Motion segment supplies products such as optical and inductive encoders, high-precision motors, sophisticated servo drives and motion control systems, integrated stepper motors, intelligent robotic end-of-arm tools, and specialized air bearings, including air bearing spindles. The company distributes its extensive product portfolio through various channels: its dedicated direct sales force, a network of resellers, distributors, and system integrators. This is all conducted under numerous well-known brands, specifically: Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind. Originally known as GSI Group, Inc., the company officially rebranded to Novanta Inc. in May 2016. Established in 1968, Novanta Inc. maintains its corporate headquarters in Bedford, Massachusetts.
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