Harris Williams Advises ATI Industrial Automation on its Pending Sale to Novanta Inc.
July 19 2021 - 9:53AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising ATI Industrial
Automation (ATI) on its pending sale to Novanta Inc. (Nasdaq: NOVT;
Novanta). Headquartered in Apex, North Carolina, ATI is a leading
global developer and manufacturer of robot end-effector products.
The transaction is being led by John Arendale, Jeff Perkins, Brandt
Carr, Jenson Dunn and Caroline Inglesby of the Harris Williams
Industrials Group.
“We are honored to have partnered with Robert Little, president
and CEO of ATI, and the ATI shareholders on this transaction, and
we look forward to watching ATI continue to thrive as part of the
Novanta family,” said John Arendale, a managing director at Harris
Williams. “The sale of ATI represents another marquee robotics and
automation transaction for our Industrials Group and continues our
momentum in the industrial technology sector.”
“With over three decades of innovation, ATI has been a
consistent market leader synonymous with industrial automation and
robotics, delivering state-of-the-art productivity-enabling
solutions across diverse and emerging robotics applications,” added
Jenson Dunn, a vice president at Harris Williams. “We are thrilled
to have found a great partner in Novanta that not only shares in
management’s strategic vision but can also accelerate ATI’s
initiatives in key growth areas like robotic surgical
applications.”
ATI is a leading engineering-based developer of robotic
accessories and robot arm tooling including robotic tool changers,
multi-axis force/torque sensing systems, material removal tools,
utility couplers, manual tool changers, robotic collision sensors
and compliance devices. Their robotic end-effector products are
found in thousands of applications around the world. Manufactured
in the U.S. and China, ATI products enable customers to achieve a
high level of flexibility in robotic automation. Their flagship
product is the robotic tool changer, a robotic wrist coupling that
locks and unlocks automatically, allowing a single robot to perform
many different tasks.
Novanta is a leading global supplier of core technology
solutions that give medical and advanced industrial original
equipment manufacturers (OEMs) a competitive advantage. Novanta
combines deep proprietary technology expertise and competencies in
photonics, vision and precision motion with a proven ability to
solve complex technical challenges. This enables Novanta to
engineer core components and sub-systems that deliver extreme
precision and performance, tailored to its customers’ demanding
applications. The driving force behind Novanta’s growth is the team
of innovative professionals who share a commitment to innovation
and customer success.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Industrials Group has experience across a
variety of sectors, including advanced manufacturing; building
products; chemicals and specialty materials; industrial technology;
and packaging. For more information on the firm’s Industrials Group
and other recent transactions, visit the Industrials Group’s
section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com).
Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No.
DE321666994). Harris Williams is a trade name under which Harris
Williams LLC, Harris Williams & Co. Ltd and Harris Williams
& Co. Corporate Finance Advisors GmbH conduct business.
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For media inquiries, please contact Julia Moore at
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