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Woodbridge International Closes Sale of Reach Technology to Novanta Inc.

NEW HAVEN, Conn., May 31, 2016 (GLOBE NEWSWIRE) -- Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client, Fremont, California-based Reach Technology Inc. to Novanta Inc., a NASDAQ-listed supplier of laser, precision motion and vision technologies, headquartered in Bedford, Massachusetts.

Reach Technology specializes in embedded display panel technologies that deliver high-performance touch screen solutions for OEMs with a focus on medical applications. The business will be combined into Novanta's NDS Surgical Imaging business, which is located in San Jose, California.

Reach Technology's family of high performance embedded touch screen technology will complement NDS's broad portfolio of medical grade displays.

“Woodbridge made it possible for us to find the right buyer. The buyer was aligned with our customer focus, corporate values, and concern for our employees which was very important for a successful transaction with Novanta,” said co-owner and VP of Operations Steve Bierut.

Headquartered in New Haven, CT, Woodbridge International, a global M&A firm, was founded in 1993 and has 12 offices in the U.S. and 22 offices abroad.

Contact: Don Krier, Managing Director Phone: (203) 389-8400 Ext. 201

Source:Woodbridge International