COSTA MESA, Calif., May 11, 2007 (PRIME NEWSWIRE) -- Nordson Corporation (Nasdaq:NDSN) has acquired YESTech, Inc. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as the exclusive advisor to YESTech, Inc.
"The acquisition offers YESTech greater exposure to the growing demand for its inspection systems, particularly in Asia Pacific and adjacent international markets. The YESTech acquisition will help Nordson solidify its leadership in the electronics inspection market," said Paul Weisbrich, senior managing director of RSM EquiCo Capital Markets.
"I was very pleased with the overall responsiveness and level of teamwork that RSM EquiCo Capital Markets brought to this transaction. The YESTech shareholders achieved their objectives set forth at the beginning of the process with the help of the EquiCo team," said Don Miller, president and shareholder of YESTech.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
As specialists in facilitating mergers and acquisitions, structuring recapitalizations, providing access to capital markets and offering fairness opinions, RSM EquiCo Capital Markets plays a noteworthy role in the "middle-market" field. These services include facilitating the acquisition of North American companies and raising capital for a wide variety of purposes, ranging from acquisitions and leveraged buyouts to balance sheet restructuring.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.
About YESTech, Inc.
Founded in 2002, YESTech is a leading worldwide provider of automated optical inspection and high-resolution x-ray inspection systems. The company's full line of inspection systems offer cost-effective, integrated yield-enhancement solutions for printed circuit board assembly, advanced semiconductor-packaging, and hybrid assembly to EMS providers and electronics OEMs. YESTech, which is headquartered in San Clemente, Calif., is well known for its innovative suite of products and for having earned accolades such as the Entrepreneur Magazine/PricewaterhouseCoopers Annual Hot 100 list of America's fastest-growing new businesses. It also received Circuits Assembly Magazine's coveted Service Excellence Award 2007, which was awarded to the company in February for the second year in a row.
About Nordson Corporation
Nordson Corporation is one of the world's leading producers of precision dispensing equipment, which applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components, as well as technology-based systems used for curing and surface-treatment processes. Headquartered in Westlake, Ohio, Nordson currently has a $1.6 billion market capitalization, employs more than 3,800 people worldwide and operates direct operations and sales support offices in 30 countries.