---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-000289"
form_type: "8-K"
ticker: "NOVT"
cik: "0001076930"
company_name: "NOVANTA INC"
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:03:34.465081+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Novanta completes acquisition of Motion Solutions; draws $198M under credit facility

## Summary
- Acquired 100% of Motion Solutions capital stock for ~$192.2M using revolving credit facility draw of $198M.
- Motion Solutions provides high-precision motion subsystems for medical and life sciences OEMs.
- CEO Matthijs Glastra highlights growth in precision medicine applications at high-single-digit to low-double-digit rates.
- Remaining $5.8M from draw used for general corporate purposes; facility matures December 2027.

## SEC filing metadata
- accession: 0000950170-24-000289
- form_type: 8-K
- ticker: NOVT
- cik: 0001076930
- company_name: NOVANTA INC
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1076930/000095017024000289/0000950170-24-000289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1076930/000095017024000289/novt-20240102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-000289
- JSON: https://secwatch.observer/filing/0000950170-24-000289.json
- Plain text: https://secwatch.observer/filing/0000950170-24-000289.txt

## Key facts
- Debt Financings
  NOVANTA INC incurred revolving credit of $198.0 million with Bank of America, N.A. maturing in December 2027.
  - Instrument: revolving credit
  - Principal: $198.0 million
  - Counterparty: Bank of America, N.A.
  - Maturity: in December 2027
  - Event: incurrence
  source text: On January 2, 2024, Novanta Inc. (the “Company”) drew down $198.0 million on its revolving credit facility under its Third Amended and Restated Credit Agreement, as amended, by and among the Company, certain of the Company’s subsidiaries, Bank of America, N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and lender, and the other lender parties thereto (“Third Amended and Restated Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1076930/000095017024000289/0000950170-24-000289-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.