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Novanta Acquires Remaining Equity Interest in Laser Quantum

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Novanta Inc., a technology partner to medical and advanced technology equipment manufacturers, has announced it has acquired the remaining approximately 24 percent of Laser Quantum’s outstanding shares for a consideration of $45.7 million in cash and restricted stock. Laser Quantum, based in Manchester, England, is a supplier to original equipment manufacturers (OEMs) of solid-state continuous wave lasers, femtosecond lasers, and optical light engines for the medical market. As a result of increasing Novanta’s equity stake in Laser Quantum to 76 percent in January...Read full article

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