Nordson Corp. has signed an agreement to acquire NDC Technologies Inc. from Spectris plc. The all-cash transaction is valued at $180 million.
NDC, Dayton, Ohio, produces measurement products, including near-infrared, laser and optical sensors, gauges and analyzers for sectors that include the film extrusion, film converting, cable and tubing industries.
“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.”
Nordson, based in Westlake, Ohio, manufactures a wide range of products and components for extrusion and injection molding.
Marti Nyman, president of NDC Technologies, added, “We are very excited to join the Nordson family. It’s a great fit. The combination will afford us the opportunity to continue to build on our 50-plus years foundation of delivering innovative measurement and process control solutions to the industries we serve. NDC has a rich history of working closely with industry to solve some of the most challenging gauging applications. The NDC Technologies’ team is eager to enter this new chapter with Nordson.”
