Nordson Buys Dage Holdings

Terms aren't disclosed.
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Nordson

(NDSN) - Get Report

said Friday that it signed a definitive agreement to acquire Dage Holdings, a manufacturer of testing and inspection equipment used in the semiconductor and printed circuit-board industries.

Dage, headquartered in the U.K., employs more than 200 people and had revenue of about $59 million during the 12-month period ended Oct. 31. Terms of the purchase weren't disclosed.

Nordson said Dage's bond testing and digital X-Ray systems are used to analyze the integrity of electronic connections in semiconductor packages and printed circuit-board assemblies.

"The purchase of Dage fits Nordson's strategy of acquiring companies with above-average growth in markets currently served by Nordson companies," the company added.

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