08:29 AM EDT, 09/18/2025 (MT Newswires) -- Novanta ( NOVT ) said Thursday its board has approved the repurchase of up to an additional $200 million worth of common shares.

The latest buybacks would add to the remaining $31 million authority from the company's share repurchase program in 2020, Novanta ( NOVT ) said.

All share repurchases will be funded from cash on hand and future cash flows, it added.