M&A Deal Summary

Nordson Acquires Arag

On June 26, 2023, Nordson acquired manufacturer Arag from Capvis for 960M USD

Acquisition Highlights
  • This is Nordson’s 9th transaction in the Manufacturing sector.
  • This is Nordson’s largest (disclosed) transaction.
  • This is Nordson’s 1st transaction in Italy.

M&A Deal Summary

Date 2023-06-26
Target Arag
Sector Manufacturing
Buyer(s) Nordson
Sellers(s) Capvis
Deal Type Add-on Acquisition
Deal Value 960M USD

Target

Arag

Rubiera, Italy
Arag is a specialist manufacturer of components and solutions used for spraying, weeding, and precision farming. Arag Srl is based in Ruberia, Italy.

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Buyer(S) 1

Buyer

Nordson

Westlake, Ohio, United States

Category Company
Founded 1935
Sector Machinery
Employees7,700
Revenue 2.6B USD (2023)
DESCRIPTION

Nordson delivers precision technology solutions to help customers succeed worldwide. The company engineers, manufactures and markets differentiated products and systems used for dispensing adhesives, coatings, sealants, biomaterials and other materials, fluid management, test and inspection, UV curing and plasma surface treatment, all supported by application expertise and direct global sales and service. Nordson was founded in 1935 and is based in Westlake, Ohio.


DEAL STATS #
Overall 36 of 37
Sector (Manufacturing) 9 of 9
Type (Add-on Acquisition) 34 of 35
Country (Italy) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 CyberOptics

Minneapolis, Minnesota, United States

CyberOptics is a global developer and manufacturer of high-precision 3D optical sensing technology solutions. The company's sensors are used for inspection and metrology in the semiconductor and surface mount technology (SMT) markets to improve yields and productivity. CyberOptics' inspection systems come with the assurance of high quality, accuracy and speed. Its innovative and proprietary 3D Multi-Reflection Suppression (MRS) optical sensor technology and WaferSense wireless measurement sensors for tool setup and diagnostics will expand Nordson’s growth opportunities into new areas of the semiconductor wafer fabrication and packaging process. CyberOptics was founded in 1984 and is based in Minneapolis, Minnesota.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Atrion

Allen, Texas, United States

Atrion provides proprietary medical infusion fluid delivery and niche cardiovascular solutions. The company supports customers globally through three specialized FDA-registered manufacturing facilities located in the United States. Atrion was formed in 1944 and is based in Allen, Texas.

Buy $815M

Seller(S) 1

SELLER

Capvis

Baar, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 3.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Capvis Equity Partners is a Swiss-based private equity firm focused on buyout, succession, and expansion investments in Switzerland, China, and Germany. Sectors of interest include Healthcare, Industrial Technology, and Advanced Services & Software. Capvis will consider both majority and minority positions. The Firm's investment horizon is four to six years. Capvis Equity Partners was formed in 1990 and is headquartered in Baar with additional offices in Germany and China.


DEAL STATS #
Overall 33 of 35
Sector (Manufacturing) 7 of 7
Type (Add-on Acquisition) 15 of 16
Country (Italy) 2 of 2
Year (2023) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 SCHURTER

Lucerne, Switzerland

SCHURTER is a manufacturer of low-voltage electronic components, human-machine input systems (“HMI”) and comprehensive electronic solutions. SCHURTER was founded in 1933 and is based in Lucerne, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 WLW

Hamburg, Germany

WLW is an online B2B search engine in the DACH region. WLW offers suppliers a dedicated platform to present themselves and their products or services of professional buyers and found to be fast and efficient. WLW was established in 1995 and is based in Hamburg, Germany.

Sell -