Nordson Acquires ARAG Group For $1B In Cash, Debt
Portfolio Pulse from Akanksha Bakshi
Nordson Corporation (NASDAQ:NDSN) has agreed to acquire ARAG Group and its subsidiaries for $1 billion in an all-cash transaction. ARAG is a global leader in precision control systems and smart fluid components for agricultural spraying. The acquisition is expected to close in Nordson's fourth quarter.
June 26, 2023 | 1:26 pm
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Nordson Corporation acquires ARAG Group for $1 billion, expanding its portfolio in precision control systems and smart fluid components for agricultural spraying.
The acquisition of ARAG Group will expand Nordson's portfolio and strengthen its position in the precision control systems and smart fluid components market. This could lead to increased revenues and growth for the company, positively impacting its stock price in the short term.
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