Nordson Corp Acquires Swiss Sensor Maker Contrinex

By Hao Liu • Friday, October 23 13:03 • Permanent Link

Nordson Corporation said it has completed its acquisition of Contrinex, a Swiss maker of industrial sensors with about 500 employees and roughly $50 million in annual revenue.

The deal adds Contrinex’s inductive position sensors, photoelectric position sensors and smart measurement sensors with integrated logic to Nordson’s industrial sensing and automation lineup. Nordson said Contrinex will be folded into its Advanced Technology Solutions segment.

The acquisition extends Nordson’s reach in factory automation, machine control and smart manufacturing, and expands its exposure to harsh-environment and miniature precision-positioning applications.

Nordson said the purchase supports its push into growth areas tied to factory automation and control solutions. Contrinex is headquartered in Corminboeuf, Switzerland. The market has reacted to these announcements by moving the company's shares -3.87% to a price of $318.71. For more information, read the company's full 8-K submission here.

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