Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased SEM for $115 million in cash and plans to complete the deal in the third quarter of 2021. Novanta’s earnings per share and free cash flow are expected to spike […]