Novanta Inc (NOVTU) company profile
Close on Nov 2, 2026Market cap $5.53BP/E 93.7Yield –
About Novanta
Miscellaneous Electrical Machinery, Equipment & Supplies, SIC 3690
Novanta Inc. provides technology solutions and specialized equipment across the healthcare and industrial sectors. The company operates through two primary segments: Medical Solutions and Automation Enabling Technologies. Its offerings include motion solutions, developed technologies, and systems supporting advanced surgery, precision medicine, robotics, automation, and precision manufacturing. The company delivers its products and technical solutions to original equipment manufacturers and industrial customers across global commercial markets.
The company maintains a global presence with business activities spanning North America, Europe, and the Asia-Pacific region. Specific countries with stated operations or geographic customer exposure include the United States, Canada, the United Kingdom, Germany, China, the Czech Republic, and Japan. Novanta is incorporated under the laws of New Brunswick, Canada, and maintains its principal executive offices in Bedford, Massachusetts, United States.
Summary of the business section of Novanta's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Novanta Inc
- Founded
- 1968
- Headquarters
- Bedford, MA
- Address
- 125 Middlesex Turnpike, . 01730
- Phone
- (781) 266-5618
- Website
- novanta.com
- Employees
- 3,000, Dec 31, 2025
- Industry
- Miscellaneous Electrical Machinery, Equipment & Supplies
- Incorporated in
- A3
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Boston, Massachusetts, United States
Stock & identifiers
- Ticker
- NOVTU
- Other tickers
- NOVT
- Exchange
- Nasdaq
- IPO date
- Mar 24, 1999
- Shares outstanding
- 38M, Jul 29, 2026
- Public float
- $3.50T, Jun 27, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 1-for-3 reverse, Dec 29, 2010
- SEC CIK
- 1076930
- CUSIP
- 67000B104
- ISIN
- US67000B1044
- LEI
- 549300NBPHPTUPTS8070
- EIN
- 98-0110412
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Matthijs Glastra | Chief Executive Officer, Director | 87,619 |
| Robert Buckley | Chief Financial Officer | 132,835 |
| John Joseph Burke II | Chief Accounting Officer | 8,900 |
| Charles Guy Ravetto JR | Co-Chief Operating Officer | 16,359 |
| Alexander Manganiello | General Counsel | – |
| John Lesica | Co-Chief Operating Officer | 2,576 |
| Michele Davis Welsh | General Counsel | 1,478 |
| Thomas N. Secor | Director | 662 |
| Frank Anders Wilson | Director | 3,947 |
| Darlene J. S. Solomon | Director | 3,541 |
| Mary Kay Ladone | Director | 1,897 |
| Maxine Lum Mauricio | Director | 4,548 |
| Lonny J. Carpenter | Director | 5,848 |
| Matthew Farrell | Director | – |
| Robert Matthew Johnson | Director | 2,143 |
| Barbara B. Hulit | Director | 2,146 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $10.04M | $2.43M | $2.63M | $101 | $134 |
| FY2024 | $8.78M | -$260.04K | $2.55M | $129 | $119 |
| FY2023 | $8.26M | $14.43M | $2.07M | $142 | $107 |
| FY2022 | $7.30M | $2.78M | $2.13M | $115 | $91 |
| FY2021 | $12.38M | $24.52M | $4.20M | $149 | $115 |
| FY2020 | $4.90M | $8.46M | $1.45M | $134 | $120 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Matthijs Glastra Chief Executive Officer | $863.04K | – | $8.28M | $854.48K | $49.24K | $10.04M | +14% |
| Robert J. Buckley Chief Financial Officer | $569.83K | – | $3.81M | $338.40K | $37.52K | $4.76M | +22% |
| John Lesica Co-Chief Operating Officer | $499.42K | $420.00K | $2.74M | $255.83K | $21.71K | $3.94M | – |
| Charles G. Ravetto Co-Chief Operating Officer | $491.86K | – | $1.49M | $244.74K | $36.61K | $2.26M | – |
| Alexander Manganiello General Counsel and Corporate Secretary | $19.81K | – | – | – | $135 | $19.94K | – |
| Michele D. Welsh Former General Counsel and Corporate Secretary | $230.92K | – | $871.22K | $90.90K | $991.50K | $2.18M | +57% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed approximately 3,000 people, of which approximately 36% were in the United States, 55% in Europe, and 9% in Asia.”
Corporate history
Events identified from SEC filings