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GSI Group (GSIG +8.3%) gains after saying it's acquired NDS Surgical Imaging, a producer of high...

Jan. 15, 2013 12:14 PM ETNovanta Inc. (NOVT) StockNOVTBy: David Yelle, SA News Editor

GSI Group (GSIG +8.3%) gains after saying it's acquired NDS Surgical Imaging, a producer of high performance visualization products sold to the surgical endoscopy and radiology markets, for $82.5M in cash. The company expects the transaction to be earnings accretive and to add more than $80M in revenue and nearly $12M of Adjusted EBITDA to GSIG's bottom line in FY13.

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