Novanta announces restructuring plan with $20M-$25M pre-tax charges

NOVANTA INC

Pre-tax charges estimated at $20M-$25M from employee-related costs, manufacturing moves, contract terminations, and asset write-offs.
Plan aims to regionalize manufacturing, close certain sites, and streamline management; starts June 2025, completion within 18 months.
Annualized savings of approximately $20M expected after plan is substantially completed.

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