About Novanta
Novanta is a company based in Bedford (United States) founded in 1968.. The company has 3,000 employees as of December 31, 2024. Novanta has completed 13 acquisitions, including ARGES, ATI Industrial Automation and Applimotion. Novanta offers products and services including Machine Vision Cameras, RFID Modules, Barcode Readers, Spectroradiometers, and Insufflators. Novanta operates in a competitive market with competitors including Schneider Electric, Honeywell, Danfoss, Rockwell Automation and Emerson, among others.
- Headquarter Bedford, United States
- Employees 3000 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & ManufacturingHealthcare Technology
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Email
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Phone
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Website
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Social
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- Legal Name Novanta Inc.
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Annual Revenue
$949.25 M7.67as on Dec 31, 2024
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Net Profit
$64.09 M-12.06as on Dec 31, 2024
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EBITDA
$179.86 M5.85as on Dec 31, 2024
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Latest Funding Round
$27.61 K (USD), Grant
Apr 01, 2020
- Investors
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Employee Count
3000
as on Dec 31, 2024
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Investments & Acquisitions
ARGES
& 12 more
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IPO & Listings of Novanta
Novanta is a publicly listed company on the NASDAQ with ticker symbol NOVT in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Novanta
Novanta offers a comprehensive portfolio of products and services, including Machine Vision Cameras, RFID Modules, Barcode Readers, Spectroradiometers, and Insufflators. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cameras for detection and tracking in manufacturing.
Modules for radio-frequency identification applications.
Devices for reading 1D and 2D barcodes efficiently.
Instruments for spectral analysis in various fields.
Equipment for surgical procedures like endoscopy.
Drives for precise motor operations in automation.
Systems for beam delivery and control applications.
Sensors for measuring forces in robotic systems.
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Funding Insights of Novanta
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $27,612
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First Round
First Round
(01 Apr 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2020 | Amount | Grant - Novanta | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Novanta
Novanta has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Novanta
Novanta has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include ARGES, ATI Industrial Automation and Applimotion. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Develops position sensors and angle encoders with industrial applications
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2004 | ||||
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Precision motion technology is provided for industrial applications.
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2000 | ||||
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Data collection technologies are supplied to OEM medical device manufacturers.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Novanta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Novanta Comparisons
Competitors of Novanta
Novanta operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Schneider Electric, Honeywell, Danfoss, Rockwell Automation and Emerson, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Energy management and automation solutions are provided globally.
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| domain | founded_year | HQ Location |
Diversified electronics and automation equipment are manufactured and supplied.
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Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
Industrial automation and information systems are provided to global industries.
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Automation and engineering services are provided for multiple industries.
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| domain | founded_year | HQ Location |
Manufacturer of Industrial and Consumer Electric Equipment
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novanta
Frequently Asked Questions about Novanta
When was Novanta founded?
Novanta was founded in 1968 and raised its 1st funding round 52 years after it was founded.
Where is Novanta located?
Novanta is headquartered in Bedford, United States.
Who is the current CEO of Novanta?
Matthijs Glastra is the current CEO of Novanta.
How many employees does Novanta have?
As of Dec 31, 2024, the latest employee count at Novanta is 3,000.
What is the annual revenue of Novanta?
Annual revenue of Novanta is $949.25M as on Dec 31, 2024.
What does Novanta do?
Novanta was founded in 1968 and is headquartered in Bedford, United States. Components and subsystems in photonics and motion control are developed and provided by the company for applications in medical and industrial sectors. Operations focus on precision technologies that support equipment manufacturing and integration across these markets, with a global reach from its U.S. base.
Who are the top competitors of Novanta?
Novanta's top competitors include Honeywell, CG Power & Industrial Solutions and Schneider Electric.
What products or services does Novanta offer?
Novanta offers Machine Vision Cameras, RFID Modules, Barcode Readers, Spectroradiometers, and 4 more products and services.
Is Novanta publicly traded?
Yes, Novanta is publicly traded on NASDAQ under the ticker symbol NOVT.
How many acquisitions has Novanta made?
Novanta has made 13 acquisitions, including ARGES, ATI Industrial Automation, and Applimotion.
Who are Novanta's investors?
Novanta has 1 investor. Key investors include European Union.
What is Novanta's ticker symbol?
The ticker symbol of Novanta is NOVT on NASDAQ.
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