financetom
Business
financetom
/
Business
/
Nordson to acquire Atrion in an $800 mln deal to bolster medical portfolio
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nordson to acquire Atrion in an $800 mln deal to bolster medical portfolio
May 28, 2024 5:24 AM

May 28 (Reuters) - Nordson ( NDSN ), which makes

products for a variety of industries, said on Tuesday it would

buy medical devices maker Atrion Corp ( ATRI ) in an $800

million deal, expanding its medical portfolio.

Nordson ( NDSN ), which also makes precision manufacturing products

for the industrial and electronic markets, said it will pay $460

per Atrion ( ATRI ) share, less than the stock's close of $462.90 in the

previous session.

Atrion ( ATRI ) makes products like soft contact lens disinfection

cases and vacuum relief valves that are widely used in

cardiovascular, ophthalmic and fluid delivery markets.

The Allen, Texas-based company generated revenue of $169

million in 2023.

Earlier in May, Nordson ( NDSN ) lowered its full-year revenue

forecast as it faced a slow recovery in the electronics and

semiconductor markets.

It expects to fund the Atrion ( ATRI ) deal through a combination of

cash and newly debt.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GE Aerospace to Invest Nearly $1 Billion in US Factories, Supply Chain in 2025; Shares Up Pre-Bell
GE Aerospace to Invest Nearly $1 Billion in US Factories, Supply Chain in 2025; Shares Up Pre-Bell
Mar 12, 2025
08:53 AM EDT, 03/12/2025 (MT Newswires) -- GE Aerospace (GE) shares were higher premarket Wednesday after the company said it is planning to almost double its 2024 investment to nearly $1 billion in its US factories and supply chain. Around $500 million will be earmarked to strengthen quality and delivery, particularly expanding sites that support the production and assembly of...
Seabridge Gold Seeks Partner, New Funding for KSM Project, Sets Other 2025 Targets
Seabridge Gold Seeks Partner, New Funding for KSM Project, Sets Other 2025 Targets
Mar 12, 2025
08:46 AM EDT, 03/12/2025 (MT Newswires) -- Seabridge Gold ( SA ) said Wednesday it aims to finalize a partnership agreement for its KSM project and raise new funds to continue construction activities and collection of feasibility data in 2025. The company said it is looking to sign a deal with a major mining operator that has the resources and...
Baidu Completes Offering of Chinese Yuan-Denominated Senior Notes
Baidu Completes Offering of Chinese Yuan-Denominated Senior Notes
Mar 12, 2025
08:56 AM EDT, 03/12/2025 (MT Newswires) -- Baidu ( BIDU ) said Wednesday it has completed its offering of 10 billion Chinese renminbi ($1.38 billion) total principal amount of Chinese yuan-denominated senior unsecured notes. The offering consists of 7.5 billion renminbi of 2.70% notes due 2030 and 2.5 billion renminbi of 3.00% notes due 2035, the company said, adding that...
Scania committed to buying Northvolt's battery pack business despite bankruptcy
Scania committed to buying Northvolt's battery pack business despite bankruptcy
Mar 12, 2025
STOCKHOLM (Reuters) - Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared bankruptcy on Wednesday, a Scania spokesperson told Reuters on Wednesday. Northvolt, an electric vehicle battery cell maker, filed for bankruptcy on Wednesday, bringing to an end Europe's best hope of developing a rival to major Asian EV battery players. Northvolt...
Copyright 2023-2026 - www.financetom.com All Rights Reserved