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NDC TECHNOLOGIES

Acquired by

NORDSON CORPORATION

UNITED STATES Industrial Equipment EV [100m USD - 500m USD] 08/2021

Target

NDC TECHNOLOGIES

Acquirer

NORDSON CORPORATION

Context

Nordson Corporation has finalized the acquisition of NDC Technologies from Spectris plc, an operation designed to fundamentally broaden the group's test and inspection platform. The strategic rationale for this transaction centers on a "market-diversification" play, merging the target's technical operational depth in in-line measurement with the group’s established global sales and service infrastructure. This fusion effectively creates a specialized powerhouse in the process control arena, providing the organization with the necessary technical resources to address mission-critical needs in new industry verticals such as film extrusion, converting, and energy storage.

NDC TECHNOLOGIES, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.5x average currently observed in the Industry & Manufacturing sector.

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.

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Target

NDC Technologies operates as a premier technology organization dedicated to the engineering and distribution of high-precision measurement solutions for in-line manufacturing process control. The entity’s business model is centered on a proprietary framework of technical sensing, utilizing near-infrared, laser, X-ray, and nucleonic technologies to measurement and control critical parameters in real-time. Its value proposition is anchored in technical operational depth, providing manufacturers with the hardware and sophisticated algorithms required to ensure structural quality and reliability in complex production environments. Strategically, the firm focuses on a diverse array of industrial applications, including film extrusion, cable and tubing, and the rapidly advancing energy storage sector. By maintaining a specialized focus on technical excellence and customer-centricity, the organization ensures a mission-critical role in the structural efficiency of manufacturing workflows worldwide. The entity prioritizes industrialized innovation to facilitate the structural advancement of global material science standards.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2020
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2019
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Other operations with NDC TECHNOLOGIES

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