Nordson acquires CyberOptics, an SMT inspection and measurement company.

Today, Nordson Corporation announced that it has signed a definitive agreement to acquire CyberOptics, Inc., a global developer and manufacturer of high-precision 3D optical sensing technology solutions. The acquisition enhances Nordson's test and inspection platform, helps it provide differentiated technologies, and expands Nordson's product offerings in the semiconductor and electronics industries. The all-cash transaction values CyberOptics at $54.00 per share, or approximately $380 million net of acquisition, which is 18.5 times CyberOptics' 12-month EBITDA valuation and 14.5 times cost synergies valuation. The transaction is expected to close in the first quarter of Nordson's fiscal year 2023, subject to relevant regulatory and shareholder approvals. "We are very much looking forward to welcoming CyberOptics' nearly 200 employees to Nordson. CyberOptics' leading 3D optical sensing technology and market-leading wireless measurement sensors will help extend Nordson's current test and inspection capabilities, enabling us to offer new and differentiated solutions to our customers in the semiconductor and electronics industries." Applying the NBS Next Growth framework, we will continue to invest in CyberOptics to maximize profitable growth while leveraging the strengths of our global business infrastructure and customer-centric model, "said Sundaram Nagarajan, President and CEO of Nordson. CyberOptics is headquartered in Minneapolis, Minnesota, USA, and has annual revenue of approximately $100 million. CyberOptics sensors are used in the field of inspection and measurement in the semiconductor and surface mount technology (SMT) markets to help improve yields and productivity. CyberOptics' inspection systems are characterized by high quality, precision and speed, and its innovations for tool setup and diagnostics, proprietary 3D Multiple Reflection Suppression ™ (MRS™) optical sensor technology, and WaferSense® wireless measurement sensors will help Nordson expand into new growth markets. Such as semiconductor wafer manufacturing and packaging processes. Joseph Kelley, executive vice president and Chief Financial Officer of Nordson, said, "Our Advanced Technology Solutions global Test & Inspection division serves diverse end-customer applications in the electronics market and has been delivering consistent profitable growth. CyberOptics' differentiated technology, combined with Nordson's global sales, applications and service infrastructure, will accelerate growth and achieve $6 million in net cost synergies.