Novanta, MassRobotics partner to advance surgical robotic innovations

Novanta announced today that it partnered with MassRobotics to collaborate on innovations in medical and surgical robotics.

Bedford, Massachusetts-based Novanta’s Celera Motion and ATI Industrial Automation business units will collaborate with MassRobotics on the innovations under the agreement.

Celera Motion develops motion control components and subsystems for OEMs in medical and advanced industrial markets. Through the collaboration, Celera Motion and MassRobotics, along with other companies, organizations and research institutions to innovate across a range of applications with a focus on medical robotics.

ATI Industrial Automation, an engineering-based developer of robotic accessories and robot arm tooling, will work with MassRobotics to develop technological solutions that improve robotic productivity.

MassRobotics leads a cluster of approximately 400 companies, 65 resident startups and 40 strategic partners to bring together organizat…

Read more
  • 0

Novanta acquires ATI Industrial Automation

Novanta today announced that it has agreed to acquire ATI Industrial Automation for $172 million in cash.

Bedford, Mass.-based Novanta plans to acquire the OEM surgical robotics supplier for $172 million upfront in cash and additional contingent cash payments associated with company financial performance in 2021. The company will also grant performance stock units.

ATI develops and manufactures robotic changing systems, force-torque sensors and collision sensors for industrial collaborative and medical robotic applications.

“ATI is a fantastic business with proprietary intellectual property in attractive and growing markets. The business adds intelligent technology solutions and expands Novanta’s position in mission-critical robotic applications, such as electric vehicle production, medical robotics, and collaborative robotics,” Novanta CEO Matthijs Glastra said in a news release. “In addition, the transaction creates a nearly $250 million Pr…

Read more
  • 0