Nordson Corporation Completes Acquisition of NDC Technologies

Rhea-AI Summary

Nordson Corporation (NASDAQ: NDSN) has finalized the acquisition of NDC Technologies, a premier supplier of precision measurement solutions for manufacturing process control, from Spectris plc (LSE: SXS). The acquisition, announced on August 24, 2021, enhances Nordson’s test and inspection capabilities, enabling entry into new end markets and adjacent technologies. This strategic move aims to bolster Nordson's growth by leveraging its wide range of applications across various sectors including medical, electronics, and industrial.

Positive

• Acquisition of NDC Technologies expands Nordson's test and inspection platform.
• Enhances capabilities in precision measurement solutions.
• Strategic entry into new end markets and adjacent technologies.

Negative

• None.

WESTLAKE, Ohio--(BUSINESS WIRE)-- Nordson Corporation (Nasdaq: NDSN) has completed the acquisition of the NDC Technologies business, a leading global provider of precision measurement solutions for in-line manufacturing process control, from Spectris plc (SXS: LSE). The completion of the transaction follows the Company’s August 24, 2021, announcement that it had entered into an agreement to acquire the business. This acquisition will expand Nordson’s test and inspection platform into new end markets and adjacent technologies.

Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com, www.twitter.com/Nordson_Corp or www.facebook.com/nordson.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211101005900/en/

Lara Mahoney

Vice President,

Corporate Communications & Investor Relations

440.204.9985

Lara.Mahoney@nordson.com

Source: Nordson Corporation

FAQ

What is the purpose of Nordson's acquisition of NDC Technologies?

The acquisition aims to enhance Nordson's test and inspection capabilities and expand into new end markets.

When was the acquisition of NDC Technologies announced?

The acquisition was announced on August 24, 2021.

What are the expected impacts of the NDC Technologies acquisition for Nordson?

The acquisition is expected to strengthen Nordson's growth opportunities and broaden its technology applications.

What is NDC Technologies known for?

NDC Technologies is a leading provider of precision measurement solutions for in-line manufacturing process control.

Which company completed the acquisition of NDC Technologies?

Nordson Corporation completed the acquisition of NDC Technologies.