Nordson To Acquire NDC Technologies From Spectris For $180M

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  • Nordson Corp NDSN has agreed to acquire the NDC Technologies business from Spectris plc SEPJF for $180 million in cash.
  • Dayton, Ohio-based NDC Technologies is a provider of precision measurement solutions for in-line manufacturing process control. It generates ~$90 million in annual revenue and $15 million in EBITDA.
  • NDC Technologies' technology portfolio includes in-line measurement sensors, gauges, and analyzers.
  • This acquisition expands Nordson's test and inspection platform into new end markets and adjacent technologies. It is further progress on Nordson's Ascend Strategy to achieve top-tier growth with leading margins and returns.
  • Nordson held cash and cash equivalents of $133.32 million as of April 30, 2021.
  • Price Action: NDSN closed higher by 0.55% at $231.02 on Monday.
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