WESTLAKE, OH – Nordson announced a business segment realignment, reorganizing into three financial reporting segments, effective Aug. 1: Advanced Technology Solutions (ATS), led by Srinivas (Srini) Subramanian, executive VP; Industrial Precision Solutions (IPS), led by Jeffrey A. Pembroke, executive VP; and Medical and Fluid Solutions (MFS), led by Stephen Lovass, executive VP.

“Nordson’s success has been driven by its customer-centric business model, commitment to innovation and end-market diversification,” said Sundaram Nagarajan, president and CEO, Nordson. “Over the past two years, we’ve added to these strengths through the deployment of the NBS Next growth framework, which gives us a clear view of our greatest growth opportunities. Today’s realignment gives us better visibility into our medical and electronics platforms, which have grown significantly through both organic and acquisitive opportunities. This new structure reflects the Nordson of today and enhances the company’s ability to deliver the Ascend strategy goal of top-tier growth with leading margins and returns.”

The ATS segment now will focus on products serving electronics end markets. ATS products integrate proprietary technologies found in progressive stages of an electronics customer’s production processes, such as surface treatment, precisely controlled dispensing of material and test and inspection to ensure quality and reliability. Applications include, but are not limited to, semiconductors, printed circuit boards, electronic components, and automotive electronics. In fiscal 2021, this segment had revenues of approximately $500 million.

There is no change to the IPS segment, which is focused on delivering proprietary dispensing and processing technology, both standard and highly customized equipment, to diverse end markets. Product lines for IPS commonly reduce material consumption, increase line efficiency through precision dispense and measurement and control, and enhance product brand and appearance. Components are used for dispensing adhesives, coatings, paint, finishes, sealants and other materials. This business primarily serves the industrial, consumer durables and non-durables markets. In fiscal 2021, IPS had revenues of approximately $1.2 billion.

The new MFS segment will include the company’s fluid management solutions for medical, high-tech industrial and other diverse end markets. Related plastic tubing, balloons, catheters, syringes, cartridges, tips and fluid connection components are used to dispense or control fluids within customers’ medical devices or products, as well as production processes. In fiscal 2021, this segment had revenues of approximately $600 million.

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