Nordson expands into precision agriculture market with ARAG acquisition

Nordson Corp has entered into a definitive agreement to acquire Italian agriculture fluid management company ARAG Group in an all-cash transaction valued at €960 million.

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Headquartered in Rubiera, Italy, ARAG makes precision control systems and smart fluid components for agricultural spraying. The ARAG portfolio consists of three key product families: fluid components, such as nozzles, pumps and filters; smart components that measure and control the flow, quantity and location of the dispensed fluid; and control systems. Established in 1976, ARAG has seven manufacturing and distribution locations worldwide, a sales network serving more than 80 countries and nearly 700 employees.

“Through the acquisition of ARAG, a market and technology leader, we have entered the high-growth end market of precision agriculture,” said Sundaram Nagarajan, president and CEO of Nordson Corporation. “Strategically, Nordson is attracted to companies with differentiated technologies and a customer-centric model. ARAG’s innovative precision spraying, dispense and software solutions help customers boost crop yields while sustainably reducing the usage of fertilizers and chemicals.”

“Well established and known in Europe and South America, we will be able to leverage Nordson’s strong brand and commercial infrastructure to expand ARAG’s limited presence in the North American market,” said Jeffrey Pembroke, executive vice president, Nordson Industrial Precision Solutions segment.