145.98
+8.01%
Close of 9 Nov 2026, in USD
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About Novanta
From its filings with the US Securities and Exchange Commission
Novanta is based in Bedford, Massachusetts and is incorporated in New Brunswick, Canada. Its shares trade on Nasdaq under the ticker NOVT. The SEC classifies its business as miscellaneous electrical machinery, equipment & supplies. In the fiscal year to 31 December 2025, it reported revenue of $980.6m and net income of $53.8m. At that date it held total assets of $1.81bn and shareholders' equity of $1.31bn. By business, Robotics and Automation brought in 32.5% of revenue, followed by Advanced Surgery at 24.7% and Precision Medicine at 24.2%. By region, UNITED STATES accounted for 52.9%, followed by Rest Of Europe at 14.0% and GERMANY at 11.7%.
Novanta Inc. and its subsidiaries (collectively referred to as the “Company”, “Novanta”, “we”, “us”, “our”) is a leading global supplier of core technology solutions that give medical, life science, and advanced industrial original equipment manufacturers (“OEMs”) a competitive advantage. We combine deep proprietary technology expertise and competencies in precision medicine, precision manufacturing, robotics and automation, and advanced surgery with a proven ability to solve complex technical challenges. This enables us to engineer proprietary technology solutions that deliver extreme precision and performance, tailored to our customers' demanding applications.
The Company was founded and initially incorporated in Massachusetts in 1968 as General Scanning, Inc. (“General Scanning”). In 1999, General Scanning merged with Lumonics Inc. The post-merger entity, GSI Lumonics Inc., continued under the laws of the Province of New Brunswick, Canada. In 2005, the Company changed its name to GSI Group Inc. Through a series of strategic divestitures and acquisitions, the Company transformed from one that was more focused on the semiconductor industry to one that primarily develops and supplies components and sub-systems to OEMs in the medical and advanced industrial markets. The Company changed its name to Novanta Inc. in May 2016.
Quoted from its 10-K, filed 23 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 24 Mar 1999
- Employees
- 3,000
- Website
- novanta.com ↗
- Head office
- 125 MIDDLESEX TURNPIKE, BEDFORD, MA, 01730
- Incorporated in
- A3
- Classification
- Miscellaneous Electrical Machinery, Equipment & Supplies
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Matthijs GlastraChairman of the Board, Chief Executive Officer, since 2012$8.8m
- Mr. Robert BuckleyChief Financial Officer$3.9m
- Mr. John LesicaCo-Chief Operating Officer - Medical Solutions
- Mr. Chuck RavettoCo-Chief Operating Officer - Automation Enabling Technologies
- Mr. Lonny CarpenterLead Independent Director$317,453
- Ms. Barbara HulitIndependent Director$277,154
- Mr. R. Matthew JohnsonIndependent Director$173,474
- Ms. Mary LadoneIndependent Director$126,633
- Ms. Maxine MauricioIndependent Director$282,453
- Mr. Thomas SecorIndependent Director$282,453
- Dr. Darlene SolomonIndependent Director$277,453
- Mr. Frank WilsonIndependent Director$302,453
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 79
- Environment
- 94
- Social
- 99
- Governance
- 44
- Direct emissions (scope 1)
- 1,520 t
- Energy emissions (scope 2)
- 6,075 t
- Women in the workforce
- 40%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Novanta Inc has several key strengths that contribute to its success in the market:
Weaknesses
- Novanta Inc also faces certain weaknesses that pose challenges to its growth:
Opportunities
- Novanta Inc can leverage the following opportunities to fuel its growth:
Threats
- Novanta Inc should be cautious of the following potential threats:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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