Novanta has entered into a definitive agreement to acquire Motion Solutions, a leading provider of highly engineered integrated solutions, for 189 million in cash, subject to customary purchase price adjustments and closing conditions, including applicable regulatory approvals.

Irvine, California-based Motion Solutions is a trusted engineering partner to market-leading original equipment manufacturers (OEMs) in the medical, life sciences, and advanced industrial markets. Motion Solutions designs and manufactures high-precision, customized subsystems and components, specializing in proprietary precision motion and advanced motion control solutions. The business has over 110 employees and is expected to generate revenues of approximately $85 million in 2023.

Motion Solutions adds complementary motion subsystem solutions to Novanta’s product portfolio and gives us greater exposure to leading OEM customers in markets such as spatial biology, genomics, proteomics, and medical robotics,” said Matthijs Glastra, Chairman and CEO of Novanta.