Novanta Inc (NOVT) may enjoy gains as insiders got busy in the recent days

Novanta Inc’s recent filing unveils that its Chief Financial Officer Buckley Robert unloaded Company’s shares for reported $0.24 million on Feb 07. In the deal valued at $160.23 per share,1,500 shares were sold. As a result of this transaction, Buckley Robert now holds 120,159 shares worth roughly $19.35 million. Then, Buckley Robert sold 1,500 shares, […]

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 […]