Nordson
Acquisition of NDC Technologies
The acquisition expands Nordson’s test and inspection platform into new end markets and adjacent technologies. The all-cash transaction, subject to customary post-closing adjustments, is valued at $180M.
New capabilities and expertise
“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,” said Jeffrey Pembroke, executive vice president, Nordson Advanced Technology Solutions. “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.”NDC Technologies, headquartered in Dayton, Ohio, generates approximately $90M in annual revenue and $15M in EBITDA. Its technology portfolio includes in-line measurement sensors, gauges and analysers using near-infrared, laser, X-ray, optical and nucleonic technologies, as well as proprietary algorithms and software. These precision applications ensure quality and reliability within the customers’ manufacturing processes. NDC also expands Nordson’s test and inspection platform beyond electronics into new end markets, including consumer non-durable, film extrusion & converting, cable & tubing and energy storage.
