JADAK Technologies, Inc. entered into definitive agreement to acquire the assets of ThingMagic from Trimble Inc. (NasdaqGS:TRMB) for $20 million on January 5, 2017. The purchase price is subject to certain customary working capital adjustments. Novanta Inc. (NasdaqGS : NOVT) , parent of JADAK Technologies expects to fund the acquisition with cash on hand and $12 million borrowings under its $225 million revolving credit facility. ThingMagic's business operations and product offering will be combined with the Novanta's JADAK business. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2017. The transaction is expected to be immediately accretive to Novanta's operating cash flow and non-GAAP earnings per share on a full year pro forma basis. Neill Jakobe, Aaron Harsh, Thomas Burke, James Davis and Will McAllister of Ropes & Gray LLP acted as legal advisor to Novanta Inc. JADAK Technologies, Inc. acquired the assets of ThingMagic from Trimble Inc. (NasdaqGS:TRMB) for $19.2 million on January 10, 2017.