WESTLAKE, OH – Nordson Corp. today announced that it has signed a definitive agreement to acquire testing and inspection equipment manufacturer Dage Holdings, Ltd. Terms of the purchase were not disclosed. The acquisition is subject to review by the German Federal Cartel Office.
Nordon also owns Asymtek, March Plasma Systems and EFD, among others.
Dage employs more than 200 people and had revenues of approximately $59 million during the 12-month period ending Oct. 31.
Dage makes bond testing and digital x-ray systems.
“The purchase of Dage fits Nordson’s strategy of acquiring companies with above-average
growth in markets currently served by Nordson companies,” said Edward P. Campbell,
chairman and chief executive. “Over the three-year period ending April 30, Dage revenues and operating profit grew at annual rates of 24% and 69%, respectively. These growth rates are nearly identical to those of Nordson’s Advanced Technology Systems segment, which since 2003 has grown revenues and operating profit at annual rates of 23% and 59%, respectively.”
growth in markets currently served by Nordson companies,” said Edward P. Campbell,
chairman and chief executive. “Over the three-year period ending April 30, Dage revenues and operating profit grew at annual rates of 24% and 69%, respectively. These growth rates are nearly identical to those of Nordson’s Advanced Technology Systems segment, which since 2003 has grown revenues and operating profit at annual rates of 23% and 59%, respectively.”
Campbell added, “Dage’s operating margins during the first half of its fiscal 2007 were 21%.
The acquisition is expected to be accretive to Nordson’s fiscal year 2007 earnings per share.
SAN JOSE – SEMI has issued an alert for producers of semiconductors who sell products in China. As of March 1, semiconductor equipment will be required to comply with China RoHS; specifically, products will require environmental labels and supporting self-declared information in Chinese with regard to six hazardous substances.
SPOKANE, WA - ACE has appointed Fix-Trade BV and Process Support Products to represent its products in Europe and the U.K.
Fix-Trade BV becomes ACE’s exclusive provider of sales, service, installation and support in the Benelux region, while Process Support Products will take on the same responsibilities in the U.K.
Fix-Trade BV becomes ACE’s exclusive provider of sales, service, installation and support in the Benelux region, while Process Support Products will take on the same responsibilities in the U.K.
WOBURN, MA - Innov-X is offering an online video demonstration on handheld XRF RoHS compliance screening. The online demo gives a demonstration of a handheld XRF unit, and provides information on Innov-X’s own line of handheld XRF analyzers.
Thief River Falls, MN - Digi-Key signed an agreement to globally distribute SMC’s pressure switches, vacuum switches, digital pressure regulators, digital flow switches and accessories. The parts are available directly from Digi-Key.
TORTOLA, BRITISH VIRGIN ISLANDS --
Bonso Electronics International, a maker of sensor and communications products, reported net sales rose 29.7% to $20.7 million for the three month period ended Sept. 30. Net income rose 98% to $483,000 during that time.
Prices for oil, raw material and labor cut the gross profit margin from 19.7% to 18.9% in the quarter.
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