Novanta

What Novanta does

Novanta is a Nasdaq-listed precision technology company (ticker: NOVT), incorporated in New Brunswick, Canada with headquarters in Bedford, Massachusetts, that designs, develops, manufactures, and sells photonic, motion control, machine vision, RFID, and medical device components. It operates through four interconnected segments—Advanced Surgery (insufflators, pumps, integrated OR systems, couplers, high-value disposables), Precision Manufacturing (CO2 lasers, beam steering, Fusion Ultra light engines), Precision Medicine (machine vision, RFID, positioning solutions, medical displays), and Robotics & Automation (air bearing spindles, encoders, servo drives, motors, ATI tool changers and force/torque sensors)—serving medical device and advanced industrial original equipment manufacturers (OEMs) globally. The company's business model is B2B components and subsystems, monetized via design-win cycles in which its technologies become embedded into OEM customer products during development, generating a mix of upfront component revenue and recurring high-value disposable and consumable revenue; pricing is quote-based with multi-year contracts and Net 30 terms, and the company sells through direct enterprise field sales complemented by an authorized distributor network in markets such as China, Germany, Japan, and Brazil.

Following FY2025 revenue of $980.6 million and Q1 2026 revenue of $257.7 million (up 10.4% YoY), Novanta raised full-year 2026 guidance to $1.04–1.055 billion. The company has executed a sustained acquisition-led growth strategy, completing or announcing deals including ATI Industrial Automation ($172M, 2021), Schneider Electric Motion USA ($115M, 2021), Motion Solutions ($189M, 2024), Keonn Technologies (€60.6M, 2025), and the pending Riverpoint Medical acquisition (up to $1.45B, expected to close Q3 2026), which is projected to lift medical end-market concentration to approximately 60% of total revenue. The company is funded by approximately $850 million of equity raised across a November 2025 tangible equity units offering and a June 2026 private placement, alongside broad institutional ownership.

Name

Novanta

Legal name

Novanta Inc.

Website

https://novanta.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Novanta designs, manufactures, and sells precision photonic, motion control, machine vision, RFID, and medical device components for medical and advanced industrial OEMs globally, operating across four segments through brands including ATI Industrial Automation, Celera Motion, JADAK, and Cambridge Technology.

Ownership category

akta.pro rank

Product category

Precision Motion Control and Photonic Components

NAICS

Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical Appliance and Supplies Manufacturing (339113)

SIC

Optical Instruments & Lenses (3827), Surgical & Medical Instruments & Apparatus (3841), Measuring & Controlling Devices, Nec (3829), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)

akta.pro primary industry

Motion & Machine Control (CNC, Robotics Controllers, Servo/Motion Controllers) (IMAGABAG)

akta.pro secondary industries

Machine Vision & Optical Sensing (Cameras, 3D vision, LiDAR, illumination) (IMAGAFAB), Optics & Laser/Light Engine Components (Lenses, Galvos, Laser Modules, UV Engines) (IMAAAIAC), Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF)

Keywords

• Precision motion control
• Medical device components
• Photonics and lasers
• Robotic automation components
• Machine vision systems

Headquarters

HQ city

Bedford

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Precision Motion and Automation Components: Sale of motion control components including motors, encoders, servo drives, force/torque sensors, air bearing spindles, and tool changers to robotics and automation equipment manufacturers. Revenue is generated through direct sales of components with varying order volumes from small prototypes to large OEM supply agreements.
2. Medical Devices and Advanced Surgery: Sale of medical devices including insufflators, pumps, integrated OR systems, surgical couplers, and high-value disposables to medical device manufacturers and healthcare facilities.
3. Photonics and Precision Manufacturing: CO2 lasers, beam steering solutions, and light engines for industrial manufacturing applications including semiconductor, electronics, and advanced materials processing.
4. Medical Consumables (Post-Riverpoint Acquisition): Surgical consumables including sutures, suture anchors, implantable materials, and surgical instruments for sports medicine, trauma, and cardiovascular surgery. Following the Riverpoint Medical acquisition, recurring consumables revenue is expected to grow significantly.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Novanta designs, develops, manufactures, and sells precision photonic and motion control components and sub-systems for medical and advanced industrial OEMs. Its portfolio spans Advanced Surgery devices (insufflators, pumps, integrated OR systems, couplers, and surgical disposables), Precision Manufacturing photonics (CO2 lasers, beam steering, light engines), Precision Medicine (machine vision, RFID, positioning, displays), and Robotics & Automation components (air bearing spindles, encoders, servo drives, motors, tool changers, force/torque sensors).

Product overview

Novanta is a technology partner to medical and advanced industrial OEMs, delivering core technology solutions across four interconnected segments. The portfolio includes Advanced Surgery products (insufflators, pumps, integrated OR systems, couplers, and high-value disposables for minimally invasive surgery), Precision Manufacturing (CO2 lasers, laser beam steering, and Fusion Ultra light engines for material processing), Precision Medicine technologies (machine vision, RFID, positioning solutions, and medical displays), and Robotics & Automation components (air bearing spindles, encoders, servo drives including Denali Series, motors, integrated stepper motors like Liberty MDrive and MDrive Plus, and ATI Industrial Automation end-effector products including tool changers and force/torque sensors). The ATI Industrial Automation sub-brand provides world-leading robotic accessories including the Axia90 and Varo force/torque sensors, automatic tool changers, material removal tools, and collision sensors. The company operates as a components and subsystems supplier, not a unified platform, with individual products designed to integrate into OEM customer systems.

Differentiator

Problem solved

Functional benefit

Brands

• ATI Industrial Automation: World-leading manufacturer of robotic accessories and robot arm tooling including tool changers, force/torque sensors, material removal tools
• Cambridge Technology
• Celera Motion
• JADAK
• Laser Quantum
• NDS
• Reach Technology
• Synrad
• WOM
• Keonn Technologies

Products and services

• Advanced Surgery Insufflators Insufflator devices for minimally invasive surgery that control gas pressure and flow during laparoscopic procedures, sold to medical device OEMs and healthcare facilities.
• Integrated OR Systems

Quantifiable outcome

• Q1 2026 revenue of $257.7 million, up 10.4% year-over-year
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Health Lean AnalyticsminorStrategic or Co-development Partner · 20 March 2026Novanta joined as a strategic and technology partner in Health Lean Analytics' €2.1 million seed funding round, taking a seat on HLA's Board of Directors. Novanta will contribute its RFID and sensing hardware technology along with US market access, while HLA develops AI-driven hospital operations optimization platforms for operating room data automation.
• NVIDIAcoreTechnology or Integration · 16 March 2026Novanta joined NVIDIA's Halos AI Systems Inspection Lab to validate the interoperability of its motion control and sensing technologies with NVIDIA's safety requirements. The collaboration aims to support the certification of AI-driven robotic systems and accelerate their deployment in various industrial applications, particularly in medical robotics, warehouse automation, and AI-driven manufacturing.
• MassRoboticsminorStrategic or Co-development Partner · 22 January 2026Novanta partners with MassRobotics on the Healthcare Robotics Startup Catalyst program, now in its fifth cohort running January to May 2026. The program connects healthcare robotics startups with corporate partners including Novanta, Festo, and Mitsubishi Electric Automation, providing mentorship on scaling, regulatory compliance, and commercialization.
• FestominorStrategic or Co-development Partner · 22 January 2026Festo partners with Novanta through MassRobotics' Healthcare Robotics Startup Catalyst program to support healthcare robotics innovation and startup ecosystem development.
• Mitsubishi Electric AutomationminorStrategic or Co-development Partner · 22 January 2026Mitsubishi Electric Automation partners with Novanta through MassRobotics' Healthcare Robotics Startup Catalyst program to support healthcare robotics innovation.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• nLight: nLight manufactures high-power semiconductor and fiber lasers for industrial, aerospace, and defense applications, comparable to Novanta's laser sources and beam steering product lines.
• Cognex Corporation: Cognex is a pure-play machine vision and industrial barcode reading company, directly comparable to Novanta's JADAK machine vision and RFID solutions for medical and industrial OEMs.
• Heidenhain: Heidenhain is a leading manufacturer of high-precision linear and angle encoders, length gauges, and CNC controls, directly comparable to Novanta's Celera Motion encoder and motion control portfolio.
• MKS Instruments: MKS Instruments is a highly comparable peer offering photonic, electronic, and motion control components to semiconductor, industrial, and life sciences OEMs, with a similar portfolio breadth across lasers, sensors, and instrumentation.
• IPG Photonics: IPG Photonics is a leading manufacturer of fiber lasers and beam delivery solutions for industrial materials processing, directly comparable to Novanta's Precision Manufacturing segment (CO2 lasers, beam steering, light engines).
• Coherent Corp (II-VI Incorporated): Coherent is a diversified photonics and laser company serving industrial, semiconductor, and life sciences markets, comparable to Novanta's laser, optics, and photonics portfolio across multiple end-markets.

Broad incumbents

• Ametek: Ametek is a diversified electronic instruments and electromechanical devices manufacturer with similar end-market exposure across medical, industrial, and process control, though at significantly larger scale.
• Sensata Technologies: Sensata is a broader industrial sensor and electrical protection company serving automotive, industrial, and aerospace markets, overlapping with Novanta's sensor portfolio at a larger and more diversified scale.
• Roper Technologies: Roper Technologies operates a diversified portfolio of vertical market technology businesses including medical and industrial software/instruments, providing a comparable diversified industrial/medical tech business model at much greater scale.
• Rockwell Automation: Rockwell Automation is a major industrial automation and motion control incumbent serving factory automation OEMs, with comparable motion control and sensing offerings but as part of a much broader automation portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@novantainc.3375
• Facebookfacebook.com/novantacorp
• LinkedInlinkedin.com/company/novonta-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A17 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novanta