NDSN - Nordson to acquire ARAG Group for Euro960M

2023-06-26 13:51:48 ET

• Nordson ( NASDAQ: NDSN ) has entered into a definitive agreement to acquire ARAG Group and its subsidiaries in an all-cash transaction that values ARAG at an enterprise value of €960M .
• ARAG has a strong financial profile that is underpinned by its leading innovation capabilities and favorable secular growth trends in precision agriculture.
• ARAG is expected to generate €155M in sales in FY2023 and the transaction reflects a valuation of ~16.5 times ARAG’s projected 2023 EBITDA.
• Upon completion of the acquisition, ARAG will operate as a division in Nordson’s Industrial Precision Solutions segment.
• “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 VP and CFO.

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