- Nordson Corp (NASDAQ:NDSN) has agreed to acquire the NDC Technologies business from Spectris plc (OTC:SEPJF) for $180 million in cash.
- Dayton, Ohio-based NDC Technologies is a provider of precision measurement solutions for in-line manufacturing process control. It generates ~$90 million in annual revenue and $15 million in EBITDA.
- NDC Technologies’ technology portfolio includes in-line measurement sensors, gauges, and analyzers.
- This acquisition expands Nordson’s test and inspection platform into new end markets and adjacent technologies. It is further progress on Nordson’s Ascend Strategy to achieve top-tier growth with leading margins and returns.
- Nordson held cash and cash equivalents of $133.32 million as of April 30, 2021.
- Price Action: NDSN closed higher by 0.55% at $231.02 on Monday.
AdaptHealth Q1 EPS $0.08 Misses $0.18 Estimate, Sales $706.20M Beat $651.46M Estimate
AdaptHealth (NASDAQ:AHCO) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.18 by 55.56 percent. This is a 700 percent increase over earnings of $0.01 per share from the
