GRUPPO ARAG acquired by NORDSON CORPORATION
Context
Nordson Corporation acquired a 100% stake in Arag Group from the Swiss private equity firm Capvis and the founding family's minority holding. This strategic transaction marks Nordson's entry into the high-growth "precision agriculture" end-market, diversifying its portfolio beyond industrial fluid dispensing and medical technologies. The deal, structured as an all-cash transaction, allows the private equity sponsor to exit after a successful holding period aimed at professionalizing the company and expanding its international reach. For Nordson, the acquisition is highly synergistic: it plans to integrate Arag into its "Industrial Precision Solutions" segment.
By taking control of Gruppo Arag, Nordson Corporation continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Cyberoptics in 2022.
GRUPPO ARAG, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.6x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Industry & Manufacturing market trends
Target
Headquartered in the heart of Italy's Corporate manufacturing hub, Arag Group is a global leader recognized for its innovation in the field of precision agriculture. Since its establishment in 1976, the company has evolved from a component manufacturer into a provider of integrated systems for agricultural spraying and weeding. Its product portfolio encompasses a wide range of essential technologies, including smart valves, precision nozzles, spray guns, filters, and advanced electronic control units (ECUs) and software that regulate fluid flow with extreme accuracy. These solutions are critical for modern farming as they allow for the precise application of fertilizers and herbicides, significantly reducing chemical waste and environmental impact.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in Industry & Manufacturing
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2023 | DIPLOMA | DICSA GROUP | SPAIN | Industrial Equipment | Diploma PLC has acquired 100% of the Dicsa Group from the founding Carmen-Lequerica family. The strategic rationale for the acquisition is to accelerate the growth of Diploma’s Seals and Fluid Management division by integrating a market leader in continental Europe. Dicsa provides Diploma with significant exposure to the Spanish, French, and German markets, complementing its existing strongholds in the UK and the US. The transaction was initiated due to a lack of generational continuity within the founding family, ensuring the long-term sustainability of Dicsa’s expansion plan |
| 07/2023 | BDT & MSD PARTNERS | IMA GROUP | ITALY | Industrial Equipment | BDT & MSD Partners has agreed to acquire a significant minority stake in IMA S.p.A., purchasing the entire 45% holding from private equity firm BC Partners. The founding Vacchi family will retain its majority ownership, controlling the remaining 55% of the company. This transaction marks a successful exit for BC Partners, which had partnered with the Vacchi family to take IMA private from the Milan stock exchange in 2020. During BC Partners' co-ownership, IMA executed several bolt-on acquisitions, enhanced its R&D capabilities, and achieved substantial growth in revenue and profitability |
| 05/2023 | CEREA PARTNERS | AB PROCESS INGENIERIE | FRANCE | Industrial Equipment | Cerea Partners has acquired a majority stake in AB Process Ingénierie, a leading provider of customized automation and robotics solutions for the food processing industry, alongside the company's management and founders. This investment is part of Cerea Partners' third fund, Cerea Capital III, which held its first closing in 2022. AB Process Ingénierie has delivered average annual organic growth of 12% since 2020, supplemented by the strategic acquisition of Coaxial Technologie in 2022, a specialist in production lines for the food industry |
| 05/2023 | INTERPUMP GROUP | WAIKATO MILKING SYSTEMS | NEW ZEALAND | Industrial Equipment | Interpump Group has finalized the acquisition of 100% of the capital of Waikato Milking Systems, including its general partner entities. This strategic transaction represents a significant milestone in the group’s international expansion strategy, specifically targeting the high-growth Oceanic agricultural market. The strategic rationale for the move centers on the group's objective to further diversify its portfolio into the food and dairy technology sectors, leveraging the target's market leadership in New Zealand and Australia |
| 05/2023 | XYLEM | EVOQUA WATER TECHNOLOGIES | UNITED STATES | Industrial Equipment | Xylem has successfully finalized the acquisition of 100% of the common stock of Evoqua Water Technologies, marking the creation of the world's most advanced and comprehensive water technology platform. This transformative merger brings together the group’s leadership in water transport and digital infrastructure with the target’s specialized treatment services and critical industrial market access. The strategic rationale for the transaction centers on addressing global systemic risks related to water quality, scarcity, and climate resilience at an unprecedented scale |
| 04/2023 | NEXANS | REKA CABLES | FINLAND | Industrial Equipment | Nexans has completed the acquisition of Reka Cables to consolidate its presence in the Nordic region, a market at the forefront of the global energy transition. This transaction aligns with Nexans' strategy to focus purely on electrification. By integrating Reka's local manufacturing footprint and premium brand, Nexans significantly strengthens its ability to serve the Nordic distribution grid and the booming onshore wind sector. The deal also reinforces the group's sustainability credentials, as Reka brings industry-leading carbon neutrality standards |
| 03/2023 | REGAL REXNORD | ALTRA INDUSTRIAL MOTION | UNITED STATES | Industrial Equipment | The acquisition of Altra Industrial Motion Corp. by Regal Rexnord represents a transformative step in the acquirer's strategic evolution toward becoming a global leader in high-margin automation and power transmission solutions. This transaction significantly enhances the organization's industrial powertrain offering by integrating complementary products such as high-precision brakes, gears, and clutches. A central strategic rationale for the move is the increased exposure to secular growth markets, with a substantial portion of the combined entity's sales now directed toward factory automation, medical, aerospace, and alternative energy sectors |
| 03/2023 | CHART INDUSTRIES | HOWDEN | UNITED KINGDOM | Industrial Equipment | Chart Industries has successfully finalized the acquisition of 100% of the common stock of the target organization from an international private equity sponsor. This transformative strategic transaction creates a differentiated global champion in the fluid handling and cryogenic sectors, uniting a leader in stationary equipment with a pioneer in rotating gas handling solutions. The strategic rationale for the move centers on the expansion of the group's "Nexus of Clean™" portfolio, specifically targeting the accelerating energy transition and industrial decarbonization markets |
| 03/2023 | LATOUR CAPITAL | GUTOR | SWITZERLAND | Industrial Equipment | Latour Capital has completed the acquisition of Gutor from Schneider Electric as part of a broader divestment program aimed at streamlining the seller’s portfolio and focusing on core activities. The transaction marks a strategic carve-out of a highly specialized industrial business with strong global positioning in uninterruptible power supply systems. The deal reflects Latour Capital’s strategy of acquiring carve-outs and standalone industrial champions with significant potential for operational improvement and international expansion |
| 12/2022 | THE CARLYLE GROUP | TESCAN GROUP | CZECH REPUBLIC | Industrial Equipment | In December 2022, The Carlyle Group announced the acquisition of a majority stake in Tescan, a Czech manufacturer specializing in scientific instruments and advanced electron microscopy technologies. This strategic investment not only provides Carlyle with a controlling interest in a niche market player but also positions the firm to capitalize on a high-growth segment driven by sustained demand for advanced analytical solutions and precision instrumentation. As part of its investment thesis, Carlyle plans to support Tescan's next phase of development, focusing on product innovation, enhancing its high-end positioning, and accelerating international expansion |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 100M - 200M EUR
EBITDA range: 50M - 100M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GRUPPO ARAG by NORDSON CORPORATION are reserved for mynth community members. Register for free to unlock full data.
Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: nordson corporation