WESTLAKE, Ohio - Nordson Corp. announced Wednesday that it has acquired YESTech Inc. and PICO Dosiertechnik (PICODOSTEC) in two separate transactions.
Nordson purchased the two businesses for a total of $53 million and expects the acquisitions to be accretive to 2007 fiscal year earnings. Together, YESTech and PICODOSTEC had 2006 revenues of approximately $20 million.
Both companies will become part of Nordson's Advanced Technology Systems segment.
YESTech Inc. is a provider of Automated Optical Inspection (AOI) and X-ray inspection systems used in the production of printed circuit board assemblies and semiconductor packages. The company will be integrated into Nordson's Dage Holdings subsidiary, which manufacturers bond testing and digital X-ray inspection systems.
PICODOSTEC is a manufacturer of piezoelectric technology dispensing systems, which dispense adhesives, lubricants and other performance materials at very high speeds in an extremely accurate manner. The company's products are used predominately in the electronics, life sciences, packaging, food, chemical and automotive industries.