Craft
Novanta

Novanta

Backlog

$653 M

Q2, 2022

Revenue

$706.8 M

FY, 2021

Market Capitalization

$4.6 B

2022-09-02

Novanta Summary

Company summary

Overview
Novanta (formerly known as GSI Group) is a supplier of technology solutions for industrial and healthcare original equipment manufacturers (OEMs). It operates in three segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning, laser beam delivery, CO2 laser, solid-state laser, ultrafast laser, and optical light engine products. The Vision segment provides a range of medical-grade technologies, including medical insufflators, pumps and related disposables, visualization solutions, wireless, recorder and video integration technologies for operating room integrations, optical data collection, and machine vision technologies. The Precision Motion segment offers optical and inductive encoders, precision motor and motion control sub-assemblies, servo drives, air bearings, and air bearing spindles.
Type
Public
Founded
1968
HQ
Bedford, MA, US | view all locations
Website
https://www.novanta.com/
Cybersecurity rating
ESG rating
out of 100 | View all ESG data
Sectors

Key people

  • Matthijs Glastra

    Matthijs Glastra, Chairperson & Chief Executive Officer

  • Heinrich Dreyer

    Heinrich Dreyer, Group President, Minimally Invasive Surgery

  • Phil Martin

    Phil Martin, Group President, Photonics

  • Leane Sinicki

    Leane Sinicki, Group President, Precision Motion

Operating MetricsView all

Facility Space Owned, sq. ft.

346K
24.0%

FY, 2021

Product Lines

20
5.3%

FY, 2021

Certifications

3

FY, 2021

LocationsView all

23 locations detected

  • Bedford, MA HQ

    United States

    125 Middlesex Turnpike

  • Apex, NC

    United States

    1031 Goodworth Dr

  • El Monte, CA

    United States

    9530 Telstar Ave

  • Mukilteo, WA

    United States

    4600 Campus Pl

  • North Syracuse, NY

    United States

    7279 William Barry Blvd

  • Rochester Hills, MI

    United States

    1935 Enterprise Dr

and 17 others

Novanta Financials

Summary financials

Revenue (Q2, 2022)
$215.4M
Gross profit (Q2, 2022)
$95.2M
Net income (Q2, 2022)
$17.5M
Cash (Q2, 2022)
$100.5M
EBIT (Q2, 2022)
$23.3M
Enterprise value
$4.9B

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