Nordson Corporation Completes Acquisition of ARAG, Entering the Attractive Precision Agriculture Market
Rhea-AI Summary
Nordson Corporation completes acquisition of ARAG Group, expanding into precision agriculture end market.
Positive
Acquisition expands Nordson's core dispense capabilities into precision agriculture.
Nordson Corporation is an innovative precision technology company with a scalable growth framework.
08/24/2023 - 10:15 AM
WESTLAKE, Ohio --(BUSINESS WIRE)--
Nordson Corporation (Nasdaq: NDSN) has completed the acquisition of the ARAG Group and its subsidiaries (“ARAG”). ARAG is a global market and innovation leader in the development, production and supply of precision control systems and smart fluid components for agricultural spraying. The completion of the transaction follows the Company’s June 26, 2023, announcement that it had entered into an agreement to acquire the business. This acquisition will expand Nordson’s core dispense capabilities into the precision agriculture end market.
Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio , the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com , www.twitter.com/Nordson_Corp or www.facebook.com/nordson .
View source version on businesswire.com: https://www.businesswire.com/news/home/20230823533337/en/
Lara Mahoney
Vice President,
Corporate Communications & Investor Relations
440.204.9985
Lara.Mahoney@nordson.com
Source: Nordson Corporation
NDSN Rankings
#2366 Ranked by Stock Gains
NDSN Stock Data
Industry
Heating Equipment (except Warm Air Furnaces) Manufacturing
Sector
Manufacturing
Tags
Producer Manufacturing, Industrial Machinery, Manufacturing, Heating Equipment (except Warm Air Furnaces) Manufacturing
Country
US
City
Westlake
About NDSN
whatever you do today, nordson corporation is likely a part of it. we engineer, manufacture and market differentiated products and systems used for precision dispensing and processing in a variety of end markets, from packaging to transportation and medical to electronics. founded in 1954, we operate under the values of integrity, respect for people, customer passion, energy and excellence. nordson is headquartered in the united states in westlake, ohio, and has direct operations in more than 30 countries to support our products and systems with application expertise and a direct global sales and service organization.