Nordson Corporation Announces Agreement to Acquire Cyberopt…

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(MENAFN-Caribbean News Global)

WESTLAKE, Ohio–(BUSINESS WIRE)–Nordson Corporation (Nasdaq: NDSN) has signed a definitive agreement to acquire CyberOptics Corporation (Nasdaq: CYBE), a leading global developer and manufacturer of 3D optical sensing technology solutions high precision. The acquisition enhances Nordson’s test and inspection platform, providing differentiated technology that expands Nordson’s product offerings in the semiconductor and electronics industries.

The all-cash transaction is valued at $54.00 per share, or approximately $380 million net of cash acquired, reflecting a CyberOptics valuation of 18.5 times trailing twelve-month EBITDA, and 14.5 times net of cost synergies. The transaction is expected to close in the first quarter of Nordson’s fiscal year 2023, pending applicable regulatory and shareholder approvals.

“We look forward to welcoming nearly 200 CyberOptics employees to Nordson. The company’s advanced 3D optical sensing technology and market-leading wireless measurement sensors will expand Nordson’s current test and inspection capabilities, enabling us to offer new and differentiated solutions to our semiconductor customers. and electronics. By applying the NBS Next growth framework, we will invest in CyberOptics’ greatest opportunities for profitable growth while delivering the benefits of our global business infrastructure and customer-centric model,” said Sundaram Nagarajan, President and CEO. The direction.

Based in Minneapolis, Minnesota, CyberOptics generates approximately $100 million in annual revenue. CyberOptics sensors are used for inspection and metrology in the semiconductor and surface mount technology (SMT) markets to improve yields and productivity. The company’s inspection systems provide assurance of high quality, accuracy and speed. Its innovative, proprietary 3D Multi-Reflection Suppression™ (MRS™) optical sensor technology and WaferSense® wireless measurement sensors for tool setup and diagnostics will expand Nordson’s growth opportunities into new areas of the manufacturing process. and packaging of semiconductor wafers.

“Our global Test & Inspection division within the Advanced Technology Solutions segment primarily serves the electronics market in diverse end-customer applications and has experienced consistent profitable growth,” said Joseph Kelley, executive vice president and chief financial officer. “CyberOptics’ differentiated technologies combined with Nordson’s global sales, applications and services infrastructure will accelerate growth rates and realize net cost synergies of $6 million.

The Company will discuss the acquisition in more detail during its upcoming Third Quarter Fiscal 2022 webcast scheduled for August 23, 2022.

Morgan Stanley & Co. LLC acted as exclusive financial advisor and Jones Day as legal advisor to Nordson Corporation.

Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver industry-leading growth with industry-leading margins and returns. The company’s direct selling model and application expertise serves global customers across a wide variety of mission-critical applications. Its diversified 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 more than 35 countries. Visit Nordson on the web at , or .

Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “may”, “will”, “should”, “could”, ” expects’, ‘anticipates’, ‘plans’, ‘plans’, ‘continues’, ‘targets’, or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, US and international economic conditions; financial and market conditions; exchange rates and devaluations; the Company’s ability to successfully integrate acquisitions; the Company’s ability to divest or successfully divest businesses deemed inconsistent with its strategic plan; the effects of changes in US trade policies and trade agreements; the effects of changes in tax laws; and the possible effects of events beyond our control, such as political unrest, acts of terror, natural disasters and pandemics, including the current coronavirus (COVID-19) pandemic and the other factors discussed in 1A (Risk Factors) in most recently filed an annual report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be carefully reviewed. The Company assumes no obligation to update or revise any forward-looking statements contained in this press release.

contacts

Lara Mahony

Vice President,

Corporate Communication and Investor Relations

440.204.9985

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