Brief: Novanta Announces Agreement To Acquire ATI

Novanta

19/07/2021 13:11

July 19 (Reuters) - Novanta Inc  NOVT.O :
    * NOVANTA ANNOUNCES AGREEMENT TO ACQUIRE ATI
    * NOVANTA INC - DEAL FOR FOR $172 MILLION UPFRONT IN CASH
AND
ADDITIONAL CONTINGENT CASH PAYMENTS ASSOCIATED WITH 2021
FINANCIAL PERFORMANCE
    * NOVANTA INC -  TRANSACTION WILL BE FINANCED USING
AVAILABLE CASH
AND COMPANY'S REVOLVING CREDIT FACILITY
    * NOVANTA INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO
NOVANTA'S FREE CASH FLOW AND NON-GAAP EARNINGS PER SHARE ON A
FULL YEAR BASIS

Source text for Eikon:  ID:nBwv66cRa 
Further company coverage:  NOVT.O 

 ((Reuters.Briefs@thomsonreuters.com;))