Nordson To Acquire NDC Technologies From Spectris For $180M

Nordson Corp (NASDAQ:NDSN) has agreed to acquire the NDC Technologies business from Spectris plc (OTC: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.

Benzinga