ARAG Is Acquired by Nordson


ARAG, privately held by funds advised by Capvis, sale to Nordson


ARAG Group (“ARAG”), privately held by funds advised by Capvis AG (“Capvis”), has announced an agreement to be acquired by Nordson Corporation (“Nordson”) (Nasdaq: NDSN) for an enterprise value of €960 million. The transaction is subject to customary closing conditions.

Baird served as exclusive financial advisor to ARAG’s shareholders on this transaction.


ARAG is a global market and innovation leader in the development, production and supply of precision control systems and smart fluid components for agricultural spraying. Its 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 dispensed fluid; and control systems that provide a greater variety of input and functionality to the customer. ARAG’s broad product portfolio is further supported by differentiated software and data capabilities. Established in 1976, ARAG supports its customers through seven manufacturing and distribution locations globally and a sales network serving more than 80 countries. ARAG is headquartered in Rubiera, Italy.

Capvis is a Swiss private equity investor. As the exclusive Capvis fund adviser, Capvis AG primarily acquires majority stakes in leading medium-sized technological firms in Switzerland, Germany Austria and Italy. Its activity is founded on its longstanding experience in creating local and global market leaders in the fields of healthcare, industrial technology and advanced services & software. Entrepreneurial cooperation with strong management teams ensures that the potential of companies is developed to the full while creating long-term values. Since 1990, Capvis has completed 63 transactions representing a total investment of EUR c. 4 billion. Capvis has floated ten companies on the stock exchange and has been voted best investment company in Switzerland by the international specialist press on several occasions. Capvis is based in Baar, Switzerland.

Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end-market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954, the Company has operations and support offices in over 35 countries. Nordson is headquartered in Westlake, Ohio.

ARAG, privately held by funds advised by Capvis, sale to Nordson

June 2023
ARAG Group
M&A - Sellside
Machinery & Equipment
Electronic Components
Flow, Motion and Power Technologies
Test, Measurement & Automation
Target Geography
Acquiror Geography
North America