Nordson (NDSN) Closes ARAG Deal, Boosts Industrial Precision Unit
Summary
Nordson Corporation NDSN has completed its previously announced acquisition of ARAG Group and its subsidiaries, expanding its core dispense capabilities into the precision agriculture end market. Based in Rubiera, Italy, ARAG is a provider of precision control systems and smart fluid components for agricultural spraying. ARAG’s precision spraying, dispensing and software solutions will help Nordson customers increase crop yields while lowering the usage of fertilizers and chemicals. The buyout expanded Nordson’s semiconductor test and inspection capabilities with the help of CyberOptics’ 3D optical sensing technology and wireless measurement sensors. Some better-ranked stocks within the Industrial Products sector are as follows: Graham Corporation GHM currently flaunts a Zacks Rank #1 (Strong Buy).