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On completion of the deal, ARAG will operate as a division in Nordson’s Industrial Precision Solutions segment, the company said in a statement.
The transaction is expected to close in Nordson’s fourth quarter fiscal 2023 and will be funded through a combination of cash on hand and financial debt.
Rubiera-Italy based ARAG is privately held by funds advised by Capvis AG, a European mid-market private equity firm, and makes spraying components used in agriculture.
($1 = 0.9173 euros)
