Spectris plc (“Spectris”) [SXS: LSE], a supplier of precision instrumentation and controls, has announced the divestiture of NDC Technologies (“NDC”) to Nordson Corporation (“Nordson”) [NASDAQ: NDSN] for an all-cash value of $180M.
NDC, based in Dayton, Ohio, and part of Spectris’ Industrial Solutions segment, is a global provider of on-line industrial process measurement, control, and service solutions for customers in the most demanding industrial environments. NDC’s systems and solutions are used in measuring haze, moisture, density, film & sheet thickness, fat and oil content, degree of roast (coffee), diameter and ovality, spark testing, and coat weight among others.
NDC generates approximately $90M in annual revenue and $15M in EBITDA.
Nordson Corporation is a global designer and manufacturer of innovative precision technologies for critical customer applications in consumer non-durable, medical, electronics and industrial end markets.
EC M&A acted as exclusive M&A advisor to Spectris on this transaction.