Assembly Line

Nordson Corporation Announces Agreement to Acquire ARAG, Expanding its Core Dispense Capabilities into the Attractive Precision Agriculture Market

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: Nordson, ARAG

Nordson Corporation (Nasdaq NDSN) today announced that it has entered into a definitive agreement to acquire ARAG Group and its subsidiaries (“ARAG”) in an all-cash transaction that values ARAG at an enterprise value of €960 million.

“The acquisition of ARAG emphasizes Nordson’s disciplined capital deployment strategy, which is focused on high-quality niche leaders serving attractive growth markets that are additive to Nordson’s existing lines of business and support long-term shareholder value creation,” said Joseph Kelley, executive vice president and chief financial officer. “The transaction is expected to close in Nordson’s fourth quarter fiscal 2023, funded through a combination of cash on hand and financial debt.”

Read more at Nordson News