M&A
confidence high
sentiment positive
materiality 0.85
Nordson to acquire Atrion for $460/share in cash, ~$800M enterprise value
NORDSON CORP
- Deal price $460/share cash; enterprise value ~$800M; 15x 2024 estimated EBITDA including expected synergies.
- Atrion 2023 revenue ~$169M; key businesses: Halkey Roberts, Atrion Medical, Quest Medical in infusion and cardiovascular.
- Expected close before Nordson fiscal year-end Oct 2024; funded by cash on hand and new debt.
- Three FDA-registered U.S. manufacturing facilities expand Nordson MEDICAL's addressable market.