We are pleased to announce that Zettlex has been acquired by Novanta Inc. (Nasdaq: NOVT) and will join its Celera Motion business.
Celera Motion is a market leading provider of motion control components and subsystems for OEMs. The company offers precision encoders, motors, and customized mechatronic solutions that help customers solve challenging motion control problems.
Zettlex founders, Mark Howard and Dr. Darran Kreit issued the following statement: “Zettlex has grown quickly in recent years and we believe that joining Novanta will enable us to accelerate growth.”
Matthijs Glastra, Chief Executive Officer of Novanta said: “By combining our commercial resources and application specific competencies with Zettlex’s technologies and strong team, Celera Motion can broaden the components and solutions we can provide our customers. We see a growing demand for precision motion technology in robotics, precision automation and key medical markets, and we’re excited to add a complementary technology to our precision motion offerings. In particular, many of Celera Motion’s customers desire absolute encoder technology, and we are pleased to be able to meet their needs.”
For more information, please visit https://www.celeramotion.com.
Novanta Inc. (Nasdaq: NOVT) is a leading global supplier of core technology solutions that give medical and advanced industrial OEMs a competitive advantage. We combine deep proprietary technology expertise and competencies in photonics, vision and precision motion with a proven ability to solve complex technical challenges. This enables Novanta to engineer core components and sub-systems that deliver extreme precision and performance, tailored to our customers’ demanding applications. The driving force behind our growth is the team of innovative professionals who share a commitment to innovation and customer success. Novanta’s common shares are quoted on Nasdaq under the ticker symbol “NOVT.”
For more information, please visit https://www.novanta.com/.
The Novanta press release.