NasdaqGS:NOVTElectronic
Novanta (NOVT) Completes Riverpoint Medical Deal To Expand Recurring Consumables Revenue
Novanta (NasdaqGS:NOVT) has completed its acquisition of Riverpoint Medical.
The deal significantly increases Novanta's exposure to the medical consumables market.
Management expects the transaction to approximately double recurring medical consumables revenue.
Novanta focuses on precision photonics, vision and motion technologies used in medical and advanced industrial applications. With Riverpoint Medical now under its umbrella, the company gains a larger footprint in medical consumables,...