Nova Ltd. (NASDAQ: NVMI) shares are experiencing a decline today following the announcement of its acquisition of Sentronics Metrology GmbH. The acquisition, valued at approximately $60 million, is expected to close in the first quarter of 2025, subject to customary closing and regulatory conditions. While the acquisition is anticipated to be accretive on a non-GAAP basis within 12 months of closing, the market may be reacting to the immediate financial implications and integration risks associated with the deal. The acquisition aims to expand Nova's dimensional metrology portfolio, enhancing its offerings in the semiconductor manufacturing sector.
The stock is currently trading at $170.50, down 2.31% from its previous close of $174.53, and has decreased by 2.36% from its opening price of $174.62.