Capvis has entered into a definitive agreement to sell ARAG to Nordson Corporation
Nordson Corporation (Nasdaq: NDSN) today announced that it has entered into a definitive agreement to acquire ARAG Group and its subsidiaries (“ARAG”) in an all-cash transaction that values ARAG at an enterprise value of €960 million.
Funds advised by Capvis acquired Italy-based ARAG in 2020 as part of a succession solution from its founders. Since then, ARAG has strengthened its position as leading provider of agricultural spraying components and precision farming solutions. During Capvis’ ownership, ARAG has implemented various strategic initiatives to drive and accelerate the profitable growth trajectory.
Andreas Simon, Capvis partner and Head of Industrial Technology, said, "We are delighted to have had the opportunity to partner with the founding families of ARAG and the management team. Through our investment in 2020 we were able to support the growth and transition of ARAG to the level it is today. As a much larger and more internationally positioned business with significant electronic and software drivers, ARAG is best positioned today to continue its impressive growth trajectory with Nordson in the field of precision spraying solutions. We wish Nordson and the management team well for the future."