Announced
Completed
Financials
Tags
Acquisition
United States
Friendly
Domestic
Private
industrial automation
Machinery: Industrial
Single Bidder
Majority
Completed
Synopsis
Nordson, an innovative precision technology company, completed the acquisition of the NDC Technologies unit of Spectris, a supplier of precision instrumentation and controls, for $180m. "We are excited to welcome NDC Technologies’ nearly 300 employees into the Nordson family. They will bring exciting new capabilities and expertise to our test and inspection platform. NDC’s customer-centric business model, differentiated technology and end markets make it a very Nordson-like business. This acquisition is further progress on our Nordson Ascend Strategy to achieve top-tier growth with leading margins and returns. We look forward to applying the NBS Next growth framework and investing in NDC’s greatest opportunities for profitable growth," Jeffrey Pembroke, Nordson Executive Vice President.
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