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Recent Updates — NOVT

July 27, 2026View Source ↗

Novanta Inc. completed the acquisition of Riverpoint Medical from Arlington Capital Partners on July 23, 2026, for approximately $1.2 billion in cash, with a $250.0 million milestone payment due by January 8, 2027. To fund the transaction, the company borrowed $616.0 million under its revolving credit and delayed draw term loan facilities, bringing its total consolidated debt to $854.7 million. Novanta Inc. is a global supplier of core technology solutions for medical, life science, and advanced industrial original equipment manufacturers.

June 9, 2026View Source ↗

Novanta Inc. entered into a Securities Purchase Agreement on June 8, 2026, for a private placement of 2,142,857 common shares at $140.00 per share, totaling approximately $300.0 million. The company will also enter into a Registration Rights Agreement to register the resale of these shares within 30 days of the expected June 11, 2026, closing. Novanta Inc. is a provider of advanced precision technologies for medical, industrial, and life science applications.

June 9, 2026View Source ↗

On June 8, 2026, Novanta Inc. entered into an Equity Purchase Agreement to acquire Runway Buyer, LLC from Runway Midco, LLC for $1.2 billion in cash, with an additional $250 million milestone payment due by January 8, 2027. The transaction is financed via cash on hand, existing credit facilities, and a new equity issuance. To support the acquisition, the company amended its credit agreement with Bank of America, N.A., increasing the permitted consolidated leverage ratio to 4.00:1.00 or 4.50:1.00 for four quarters following the acquisition and decreasing the permitted consolidated fixed charge coverage ratio to 1.00:1.00. Novanta Inc. provides precision instrumentation and photonic components for the medical and industrial markets.