Nordson Corporation (Nasdaq: NDSN) today announced that it has completed the acquisition of Contrinex. Nordson acquires Contrinex, a global technology leader in high-performance sensors for factory automation and related solutions. The deal complements Nordson’s test and inspection portfolio. Moreover, it adds leading technology for harsh-environment and miniature precision-positioning applications.
Nordson Acquires Contrinex to Strengthen Its Factory Automation Focus
Company leaders explained why the move matters. Srini Subramanian, executive vice president of Nordson Advanced Technology Solutions, shared his views on the transaction.
“We are excited to welcome Contrinex’s nearly 500 employees into the Nordson family. Their differentiated sensor technology complements our test and inspection portfolio, particularly our growth focus on factory automation and control solutions,” said Srini Subramanian, executive vice president, Nordson Advanced Technology Solutions. “This acquisition signifies further progress on our Nordson Ascend Strategy to achieve top-tier growth through differentiated technologies with leading margins and returns. We look forward to applying the NBS Next growth framework and investing in Contrinex’s greatest opportunities for profitable growth, while also scaling their product offering across our global customer base.”
Nordson acquires Contrinex and is headquartered in Corminboeuf, Switzerland. The company generates approximately $50 million in annual revenue. Its technology portfolio covers several sensing solutions. These include inductive position sensors, photoelectric position sensors, and smart measurement sensors with integrated logic. As a result, Nordson gains a broader set of tools for demanding industrial environments.
Industrial Automation Trends Drive the Deal
The acquisition also raises Nordson’s exposure to attractive industrial automation trends. Manufacturers continue to adopt sensing technologies at a growing pace. These technologies enable factory automation, machine control, and smart manufacturing. Therefore, Nordson now holds a stronger position in a market where demand for precise sensing keeps rising.
Furthermore, Nordson will integrate Contrinex into its Advanced Technology Solutions segment. This step lets both teams work closely on shared growth goals. In addition, Nordson plans to apply its NBS Next growth framework to the new business. The company also intends to invest in Contrinex’s strongest opportunities.
Finally, Nordson acquires Contrinex product offering across its global customer base. Customers worldwide may soon gain access to Contrinex’s sensor technology through Nordson’s established channels. Overall, the deal marks another step in Nordson’s push toward differentiated technologies and profitable growth.
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News Source: Businesswire.com
