Nordson to acquire ARAG Group for €960M, expanding into precision agriculture

NORDSON CORP

Enterprise value of €960M in all-cash transaction; ARAG expected FY2023 sales of €155M.
Valuation ~16.5x projected 2023 EBITDA; deal accretive to growth and margin profile.
Expected close in Nordson's fiscal Q4 2023, funded by cash on hand and debt.
ARAG will operate as a division in Nordson's Industrial Precision Solutions segment.
ARAG is a global leader in precision control systems and smart fluid components for agricultural spraying.

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