Nordson Corporation today announced that it has signed a definitive agreement to acquire Spectris’s NDC Technologies for $180 million.
Dayton, Ohio-based NDC Technologies makes in-line measurement sensors, gauges and analyzers using near-infrared, laser, X-ray, optical and nucleonic technologies. The acquisition will expand Westlake, Ohio-based Nordson’s test and inspection platform into the consumer non-durable, film extrusion and converting, cable and tubing and energy storage markets.
“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,” Jeffrey Pembroke, Nordson Advanced Technology’s executive, VP, said in a news release. “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.”
The all-cash transaction is subject to customary post-closing adjustments.