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Nordson Corporation acquired MatriX Technologies

18 September 2015 - Nordson Corporation announced it has acquired Germany-based Matrix Technologies, a manufacturer of automated X-ray inspection (AXI) equipment used to ensure the quality of electronic printed circuit boards, critical electronic devices and fully assembled products in consumer, automotive and other industrial end markets worldwide.

MatriX employs approximately 100 people at its German headquarters and branch offices in Singapore, China and the USA. The business will operate as part of Nordson’s Advanced Technology Systems segment and will be integrated into the company’s existing test and inspection platform which includes the Nordson DAGE X-ray and bond test and YESTECH automated optical inspection product lines. MatriX revenues for 2014 were approximately €26 million. Nordson expects the acquisition of MatriX to be accretive to earnings in the first full year of operation. Terms of the deal and financial details of the business were not disclosed.

“MatriX solutions are aligned with the market trend towards X-ray inspection of critical electronic parts, advanced components and final product assemblies manufactured in high-volume series production,” said Michael F. Hilton, Nordson President and Chief Executive Officer. “Key drivers for AXI inspection equipment include increased board complexity from further product miniaturizations and the growing trend towards fast and fully automated, less labor intensive production lines requiring high-speed in-line AXI solutions for a 100% process control and yield protection. By adding MatriX to our strong existing test and inspection platform, Nordson can now offer customers a full range of automated and manual, in-line and batch X-ray inspection solutions (AXI and MXI), automated optical inspection systems (AOI), and bond testers.”

MatriX serves a wide range of leading customers in the automotive, consumer electronics, EMS and other industrials manufacturing space. The Company’s proven business model is based on profitable revenue streams from the sale of high-end X-ray inspection system solutions and the offering of integrated after-sales services over the entire equipment lifecycle.

www.nordson.com/



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