CYBEROPTICS acquired by NORDSON CORPORATION
Context
Nordson Corporation has finalized the acquisition of CyberOptics Corporation, an operation designed to fundamentally strengthen the group's Advanced Technology Solutions segment. The strategic rationale for this transaction centers on a "technology-differentiation" play, merging the target's industry-leading 3D optical sensing and wireless measurement sensors with Nordson's existing global sales and service infrastructure. This fusion effectively creates a specialized powerhouse in the semiconductor metrology arena, providing the group with the necessary technical operational depth to address the increasing complexity of wafer fabrication and electronic packaging.
By taking control of Cyberoptics, Nordson Corporation continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Ndc Technologies in 2021.
CYBEROPTICS, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.7x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
CyberOptics Corporation operates as a premier technology organization dedicated to the engineering and distribution of high-precision 3D optical sensing solutions. The entity’s business model is centered on a proprietary framework of inspection and metrology systems designed to enhance yields and productivity in the semiconductor and surface mount technology (SMT) markets. Its value proposition is anchored in technical operational depth, utilizing its world-class Multi-Reflection Suppression™ (MRS™) sensor technology to inhibit optical measurement distortions and reflections. Strategically, the firm focuses on providing mission-critical hardware and software for advanced wafer fabrication, alongside its WaferSense® wireless sensors for diagnostic tool setup. By maintaining a specialized focus on speed and sub-micrometer accuracy, the organization ensures a vital role in the structural efficiency of high-density electronic component manufacturing. The entity prioritizes industrialized technical innovation to facilitate the structural advancement of complex semiconductor packaging and assembly processes worldwide.
Ent. Value
$300–700M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (USD)
Similar deals in Hardware & Electronics
Similar deals in Hardware & Electronics
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2023 | THE CARLYLE GROUP | MEOPTA-OPTIKA | CZECH REPUBLIC | Sensors & Optics |
| 09/2022 | ARKEA CAPITAL / SOCIETE GENERALE CAPITAL PARTENAIRES / BNP PARIBAS DEVELOPPEMENT | ACB GROUP | BELGIUM | Electronic Components |
| 05/2022 | SPECTRIS | DYTRAN INSTRUMENTS | UNITED STATES | Sensors & Optics |
| 04/2022 | TIKEHAU CAPITAL / BPIFRANCE / SOCIETE GENERALE CAPITAL PARTENAIRES | CROUZET | FRANCE | Sensors & Optics |
| 11/2021 | H2 Equity Partners | Acal BFi Group | UNITED KINGDOM | Electronic Components |
| 10/2021 | SECO | GARZ & FRICKE GROUP | GERMANY | IoT & Connected Objects |
| 07/2021 | MKS INSTRUMENTS | PHOTON CONTROL | CANADA | Sensors & Optics |
| 07/2021 | QUILVEST CAPITAL PARTNERS | PRIMAL GROUP (FORMERLY SOLEM) | FRANCE | IoT & Connected Objects |
| 06/2021 | VISHAY PRECISION GROUP | DIVERSIFIED TECHNICAL SYSTEMS | UNITED STATES | Sensors & Optics |
| 04/2021 | AMPHENOL CORPORATION | MTS SENSORS | UNITED STATES | Sensors & Optics |
Other operations with NORDSON CORPORATION
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 08/2024 | NORDSON CORPORATION | ATRION CORPORATION | UNITED STATES | Diagnostic Equipment |
| 06/2023 | NORDSON CORPORATION | GRUPPO ARAG | ITALY | Valves, Pumps & Taps |
| 08/2021 | NORDSON CORPORATION | NDC TECHNOLOGIES | UNITED STATES | Instrumentation & Measurement |
| 04/2017 | NORDSON CORPORATION | VENTION ADVANCED TECHNOLOGIES | UNITED KINGDOM | Medical Devices |
REFERENCES
Valuation range: EV $300–700M
Revenue range: $100–200M
EBITDA range: $10–30M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 15x - 25x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CYBEROPTICS by NORDSON CORPORATION are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: nordson corporation