NOVANTA INC

Novanta Inc. is a global supplier of core technology solutions for medical, life science, and advanced industrial original equipment manufacturers (OEMs). The company provides proprietary technology solutions by leveraging expertise in precision medicine, precision manufacturing, robotics and automation, and advanced surgery to address complex technical challenges. Novanta engineers solutions that offer precision and performance for demanding applications. The company was founded in 1968 as General Scanning, Inc. and later merged with Lumonics Inc. in 1999, becoming GSI Lumonics Inc. In 2005, the name changed to GSI Group Inc. Through divestitures and acquisitions, the company shifted its focus from the semiconductor industry to developing and supplying components and sub-systems for medical and advanced industrial markets. The company adopted its current name, Novanta Inc., in May 2016. Novanta aims to increase medical sales as a percentage of total revenue by introducing new products for medical applications like minimally invasive and robotic surgery, ophthalmology, patient monitoring, drug delivery, clinical laboratory testing, and life science equipment. It also focuses on deepening relationships with medical equipment manufacturers and pursuing medical technology acquisitions. Additionally, Novanta seeks to increase its presence in high-growth advanced industrial applications such as laser materials processing, intelligent end-of-arm robotic technology solutions, robotics, laser additive manufacturing, automation, and metrology.